GAM Holding AG maintained its stake in shares of Norfolk Souther Corporation (NYSE:NSC) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,983 shares of the railroad operator’s stock at the end of the second quarter. GAM Holding AG’s holdings in Norfolk Souther Corporation were worth $4,014,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. D Orazio & Associates Inc. lifted its holdings in Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after acquiring an additional 4 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in Norfolk Souther Corporation by 12,069.6% in the second quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock valued at $102,000 after acquiring an additional 12,311 shares during the last quarter. MCF Advisors LLC lifted its holdings in Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock valued at $106,000 after acquiring an additional 227 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock valued at $107,000 after acquiring an additional 250 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock valued at $114,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.

In related news, VP Thomas E. Hurlbut sold 300 shares of Norfolk Souther Corporation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total transaction of $35,640.00. Following the transaction, the vice president now owns 4,000 shares in the company, valued at approximately $475,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman James A. Squires sold 24,407 shares of Norfolk Souther Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total transaction of $2,927,619.65. Following the transaction, the chairman now owns 76,481 shares in the company, valued at approximately $9,173,895.95. The disclosure for this sale can be found here. Insiders have sold a total of 27,077 shares of company stock worth $3,244,531 in the last 90 days. Company insiders own 0.36% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/09/17/gam-holding-ag-holds-position-in-norfolk-souther-corporation-nsc.html.

Shares of Norfolk Souther Corporation (NYSE:NSC) opened at 128.04 on Friday. The stock has a market cap of $36.90 billion, a price-to-earnings ratio of 20.81 and a beta of 1.32. The stock’s 50 day moving average price is $119.36 and its 200-day moving average price is $118.26. Norfolk Souther Corporation has a 52-week low of $89.95 and a 52-week high of $128.09.

Norfolk Souther Corporation (NYSE:NSC) last posted its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.06. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 EPS. On average, analysts predict that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 7th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.44 annualized dividend and a dividend yield of 1.91%. Norfolk Souther Corporation’s payout ratio is 39.61%.

A number of research analysts recently commented on NSC shares. Cowen and Company reiterated a “buy” rating and issued a $130.00 price objective on shares of Norfolk Souther Corporation in a report on Tuesday, July 11th. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a report on Tuesday, June 13th. ValuEngine upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Wolfe Research upgraded Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price objective on the stock in a report on Monday, August 7th. Finally, UBS AG reiterated a “buy” rating and issued a $133.00 price objective on shares of Norfolk Souther Corporation in a report on Monday, August 14th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. Norfolk Souther Corporation has an average rating of “Hold” and a consensus target price of $115.00.

Norfolk Souther Corporation Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

Want to see what other hedge funds are holding NSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norfolk Souther Corporation (NYSE:NSC).

Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

Receive News & Stock Ratings for Norfolk Souther Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Souther Corporation and related stocks with our FREE daily email newsletter.