Capital Investment Advisors LLC cut its stake in Norfolk Southern Corp. (NYSE:NSC) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,034 shares of the railroad operator’s stock after selling 445 shares during the period. Capital Investment Advisors LLC’s holdings in Norfolk Southern were worth $5,831,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group raised its holdings in Norfolk Southern by 1.8% in the second quarter. Schroder Investment Management Group now owns 472,129 shares of the railroad operator’s stock worth $94,109,000 after purchasing an additional 8,270 shares during the period. CSat Investment Advisory L.P. boosted its stake in Norfolk Southern by 1,291.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 487 shares of the railroad operator’s stock worth $97,000 after purchasing an additional 452 shares during the period. Coldstream Capital Management Inc. increased its holdings in Norfolk Southern by 11.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 2,077 shares of the railroad operator’s stock worth $414,000 after purchasing an additional 209 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Norfolk Southern by 1.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,081,565 shares of the railroad operator’s stock worth $215,588,000 after purchasing an additional 16,314 shares in the last quarter. Finally, Change Path LLC raised its stake in shares of Norfolk Southern by 11.3% in the 2nd quarter. Change Path LLC now owns 1,822 shares of the railroad operator’s stock valued at $363,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.
NYSE NSC traded down $4.73 on Tuesday, reaching $204.59. The stock had a trading volume of 25,958 shares, compared to its average volume of 1,236,877. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.73 and a quick ratio of 0.63. The firm has a fifty day moving average of $195.32 and a two-hundred day moving average of $187.35. Norfolk Southern Corp. has a 1-year low of $160.19 and a 1-year high of $211.46. The company has a market cap of $53.85 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36.
Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Wednesday, October 23rd. The railroad operator reported $2.49 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.08). The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.86 billion. Norfolk Southern had a return on equity of 18.22% and a net margin of 23.98%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.52 EPS. Research analysts predict that Norfolk Southern Corp. will post 10.13 EPS for the current fiscal year.
NSC has been the subject of a number of recent research reports. Wells Fargo & Co started coverage on Norfolk Southern in a research report on Monday, October 28th. They set a “market perform” rating and a $216.00 price target for the company. ValuEngine raised shares of Norfolk Southern from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Barclays cut their price target on shares of Norfolk Southern from $200.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. TD Securities downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating and decreased their price objective for the company from $205.00 to $200.00 in a research report on Thursday, December 19th. Finally, Cowen restated a “buy” rating and set a $215.00 price objective on shares of Norfolk Southern in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Norfolk Southern presently has an average rating of “Hold” and an average target price of $202.59.
About Norfolk Southern
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.
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