CIBRA Capital Ltd Takes $5.07 Million Position in Norfolk Southern Corporation $NSC

CIBRA Capital Ltd acquired a new stake in Norfolk Southern Corporation (NYSE:NSC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,550 shares of the railroad operator’s stock, valued at approximately $5,067,000. Norfolk Southern makes up approximately 8.7% of CIBRA Capital Ltd’s portfolio, making the stock its 2nd biggest position.

A number of other hedge funds also recently added to or reduced their stakes in NSC. Pentwater Capital Management LP purchased a new position in Norfolk Southern during the 3rd quarter valued at about $826,128,000. Norges Bank bought a new position in shares of Norfolk Southern during the second quarter valued at approximately $613,255,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Norfolk Southern by 545.2% during the third 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 buying an additional 1,103,748 shares during the period. Balyasny Asset Management L.P. purchased a new position in Norfolk Southern during the third quarter valued at approximately $329,629,000. Finally, Holocene Advisors LP raised its stake in Norfolk Southern by 550.6% in the second quarter. Holocene Advisors LP now owns 983,366 shares of the railroad operator’s stock worth $251,712,000 after buying an additional 832,210 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on NSC shares. Argus raised Norfolk Southern to a “hold” rating in a research report on Wednesday, February 25th. Weiss Ratings raised Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 12th. Rothschild & Co Redburn upped their price objective on Norfolk Southern from $299.00 to $317.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Morgan Stanley raised Norfolk Southern from an “equal weight” rating to a “buy” rating in a research report on Thursday, December 18th. Finally, Citigroup cut their target price on Norfolk Southern from $317.00 to $300.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Seven analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $309.95.

Norfolk Southern Stock Performance

NSC opened at $283.83 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.78. The firm has a fifty day moving average price of $299.95 and a 200 day moving average price of $292.60. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $319.94. The stock has a market cap of $63.74 billion, a P/E ratio of 22.26, a P/E/G ratio of 5.11 and a beta of 1.31.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Thursday, January 29th. The railroad operator reported $3.22 EPS for the quarter, beating the consensus estimate of $2.76 by $0.46. Norfolk Southern had a net margin of 23.59% and a return on equity of 18.78%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the business earned $3.04 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. Equities research analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were given a dividend of $1.35 per share. The ex-dividend date was Friday, February 6th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is 42.35%.

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.