Norfolk Southern Corporation $NSC Shares Bought by Danske Bank A S

Danske Bank A S raised its position in Norfolk Southern Corporation (NYSE:NSC) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 108,723 shares of the railroad operator’s stock after acquiring an additional 13,937 shares during the quarter. Danske Bank A S’s holdings in Norfolk Southern were worth $31,391,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NSC. ORG Partners LLC grew its stake in shares of Norfolk Southern by 75.0% during the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 36 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Norfolk Southern during the 3rd quarter worth $25,000. BNP Paribas acquired a new position in shares of Norfolk Southern during the 2nd quarter worth $26,000. Westside Investment Management Inc. grew its stake in shares of Norfolk Southern by 207.1% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock worth $26,000 after purchasing an additional 58 shares during the period. Finally, GoalVest Advisory LLC grew its stake in shares of Norfolk Southern by 933.3% during the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 84 shares during the period. 75.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NSC shares. JPMorgan Chase & Co. lowered their price target on shares of Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Citigroup reaffirmed a “neutral” rating on shares of Norfolk Southern in a research note on Friday, April 24th. Benchmark reaffirmed a “hold” rating on shares of Norfolk Southern in a research note on Friday, January 30th. Wall Street Zen raised shares of Norfolk Southern from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Robert W. Baird upped their price target on shares of Norfolk Southern from $315.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Norfolk Southern has a consensus rating of “Hold” and an average price target of $320.67.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $316.26 on Friday. Norfolk Southern Corporation has a 52 week low of $218.05 and a 52 week high of $323.37. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04. The firm’s 50-day simple moving average is $299.64 and its 200 day simple moving average is $294.35. The firm has a market capitalization of $71.03 billion, a PE ratio of 26.64, a P/E/G ratio of 5.84 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm earned $2.69 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts predict that Norfolk Southern Corporation will post 12.11 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 8th. Norfolk Southern’s dividend payout ratio is currently 45.49%.

Norfolk Southern Profile

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.