Oddo BHF Asset Management Sas Has $18.77 Million Stock Holdings in Norfolk Southern Corporation $NSC

Oddo BHF Asset Management Sas boosted its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 766.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,000 shares of the railroad operator’s stock after buying an additional 57,500 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Norfolk Southern were worth $18,767,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NSC. Norges Bank acquired a new position in shares of Norfolk Southern in the 4th quarter valued at $1,084,701,000. Pentwater Capital Management LP acquired a new position in shares of Norfolk Southern in the 3rd quarter valued at $826,128,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Norfolk Southern by 545.2% in 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 during the period. Balyasny Asset Management L.P. acquired a new position in shares of Norfolk Southern in the 3rd quarter valued at $329,629,000. Finally, TOMS Capital Investment Management LP acquired a new position in shares of Norfolk Southern in the 2nd quarter valued at $181,995,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group decreased their target price on Norfolk Southern from $350.00 to $310.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Susquehanna boosted their target price on Norfolk Southern from $330.00 to $337.00 and gave the stock a “neutral” rating in a research report on Friday, June 5th. Zacks Research upgraded Norfolk Southern from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Sanford C. Bernstein decreased their target price on Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Finally, Rothschild & Co Redburn boosted their target price on Norfolk Southern from $308.00 to $315.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Six equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $322.71.

Norfolk Southern Stock Performance

Shares of Norfolk Southern stock opened at $310.15 on Tuesday. The company has a market capitalization of $69.66 billion, a PE ratio of 26.13, a PEG ratio of 5.79 and a beta of 1.27. Norfolk Southern Corporation has a 12 month low of $248.82 and a 12 month high of $326.00. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The stock’s fifty day simple moving average is $308.79 and its 200 day simple moving average is $300.35.

Norfolk Southern (NYSE:NSC) last issued 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. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. On average, research analysts predict that Norfolk Southern Corporation will post 12.12 EPS for the current year.

Norfolk Southern Dividend Announcement

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

About Norfolk Southern

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.