XY Capital Ltd Buys New Holdings in Norfolk Southern Corporation $NSC

XY Capital Ltd purchased a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the second quarter, HoldingsChannel.com reports. The firm purchased 8,000 shares of the railroad operator’s stock, valued at approximately $2,517,000. Norfolk Southern comprises 2.4% of XY Capital Ltd’s holdings, making the stock its 12th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NSC. Edmond DE Rothschild Holding S.A. purchased a new stake in Norfolk Southern during the second quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new stake in Norfolk Southern during the 3rd quarter worth $25,000. Meeder Asset Management Inc. acquired a new stake in Norfolk Southern in the 2nd quarter valued at $27,000. Comprehensive Financial Planning Inc. PA purchased a new position in Norfolk Southern in the second quarter valued at about $31,000. Finally, BNP Paribas purchased a new position in Norfolk Southern in the second quarter valued at about $26,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Price Performance

Shares of NSC opened at $347.15 on Friday. Norfolk Southern Corporation has a 52 week low of $268.23 and a 52 week high of $358.60. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.98. The firm has a market cap of $77.97 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 6.12 and a beta of 1.27. The stock has a 50 day moving average of $327.49 and a 200-day moving average of $313.05.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.20. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the business posted $3.29 earnings per share. As a group, analysts forecast that Norfolk Southern Corporation will post 12.66 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Friday, August 7th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, August 7th. This represents a $5.40 annualized dividend and a yield of 1.6%. Norfolk Southern’s dividend payout ratio is 46.08%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NSC shares. UBS Group restated a “neutral” rating and issued a $363.00 price target on shares of Norfolk Southern in a report on Friday, July 24th. TD Cowen lifted their price objective on shares of Norfolk Southern from $337.00 to $376.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Wells Fargo & Company lifted their price objective on shares of Norfolk Southern from $365.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Royal Bank Of Canada boosted their target price on shares of Norfolk Southern from $320.00 to $360.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Finally, Robert W. Baird raised their price target on shares of Norfolk Southern from $360.00 to $377.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $348.00.

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.