Rossmore Private Capital Has $3.32 Million Stake in Norfolk Southern Corporation $NSC

Rossmore Private Capital boosted its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 29.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,502 shares of the railroad operator’s stock after purchasing an additional 2,595 shares during the period. Rossmore Private Capital’s holdings in Norfolk Southern were worth $3,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Norfolk Southern by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 20,825,837 shares of the railroad operator’s stock valued at $6,012,836,000 after purchasing an additional 272,651 shares in the last quarter. Pentwater Capital Management LP acquired a new stake in Norfolk Southern during the 3rd quarter valued at $826,128,000. Dimensional Fund Advisors LP increased its holdings in Norfolk Southern by 5.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,179,610 shares of the railroad operator’s stock valued at $654,757,000 after purchasing an additional 118,697 shares in the last quarter. Legal & General Group Plc increased its holdings in Norfolk Southern by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 1,744,074 shares of the railroad operator’s stock valued at $523,937,000 after purchasing an additional 76,751 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Norfolk Southern by 545.2% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,306,203 shares of the railroad operator’s stock valued at $392,396,000 after purchasing an additional 1,103,748 shares in the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Stock Up 0.3%

NYSE NSC opened at $316.85 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.91. Norfolk Southern Corporation has a 52 week low of $236.37 and a 52 week high of $323.37. The stock has a fifty day moving average of $299.40 and a 200-day moving average of $296.12. The stock has a market capitalization of $71.16 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 5.84 and a beta of 1.30.

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

Norfolk Southern Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on NSC. Rothschild & Co Redburn lifted their target price on Norfolk Southern from $308.00 to $315.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Barclays lifted their target price on Norfolk Southern from $320.00 to $360.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Robert W. Baird lifted their target price on Norfolk Southern from $315.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Argus raised Norfolk Southern to a “hold” rating in a research note on Wednesday, February 25th. Finally, UBS Group set a $327.00 target price on Norfolk Southern in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, Norfolk Southern has a consensus rating of “Hold” and an average price target of $319.83.

Norfolk Southern Company 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.