Slotnik Capital LLC Has $14.38 Million Stake in Norfolk Southern Corporation $NSC

Slotnik Capital LLC decreased its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 49.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,811 shares of the railroad operator’s stock after selling 49,389 shares during the quarter. Norfolk Southern comprises approximately 3.3% of Slotnik Capital LLC’s investment portfolio, making the stock its 11th biggest holding. Slotnik Capital LLC’s holdings in Norfolk Southern were worth $14,381,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC acquired a new stake in shares of Norfolk Southern during the 3rd quarter worth approximately $25,000. GoalVest Advisory LLC grew its position 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 buying an additional 84 shares during the period. Meeder Asset Management Inc. grew its position in shares of Norfolk Southern by 239.3% during the 4th quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock worth $27,000 after buying an additional 67 shares during the period. FNY Investment Advisers LLC grew its position in shares of Norfolk Southern by 669.2% during the 3rd quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock worth $30,000 after buying an additional 87 shares during the period. Finally, BNP Paribas acquired a new stake in shares of Norfolk Southern during the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NSC. Evercore set a $325.00 price target on shares of Norfolk Southern in a research report on Friday, April 24th. Argus upgraded shares of Norfolk Southern to a “hold” rating in a report on Wednesday, February 25th. Wall Street Zen upgraded shares of Norfolk Southern from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group set a $327.00 price objective on shares of Norfolk Southern in a report on Thursday, May 7th. Finally, Sanford C. Bernstein decreased their price objective on shares of Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Six equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Norfolk Southern has a consensus rating of “Hold” and a consensus price target of $322.71.

Norfolk Southern Stock Down 1.2%

Shares of NYSE NSC opened at $310.15 on Tuesday. The stock has a market cap of $69.66 billion, a P/E ratio of 26.13, a P/E/G ratio of 5.79 and a beta of 1.27. The firm has a 50 day moving average price of $308.79 and a 200 day moving average price of $300.35. 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 $248.82 and a 52-week high of $326.00.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.69 earnings per share. Analysts expect that Norfolk Southern Corporation will post 12.12 EPS for the current year.

Norfolk Southern Announces Dividend

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

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.