Chicago Equity Partners LLC trimmed its holdings in Norfolk Souther Corporation (NYSE:NSC) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,995 shares of the railroad operator’s stock after selling 4,985 shares during the period. Chicago Equity Partners LLC’s holdings in Norfolk Souther Corporation were worth $4,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NSC. BlackRock Inc. grew its stake in Norfolk Souther Corporation by 3,039.1% in the 1st quarter. BlackRock Inc. now owns 19,551,432 shares of the railroad operator’s stock valued at $2,189,172,000 after buying an additional 18,928,598 shares in the last quarter. Alliancebernstein L.P. grew its stake in Norfolk Souther Corporation by 936.1% in the 1st quarter. Alliancebernstein L.P. now owns 5,378,457 shares of the railroad operator’s stock valued at $602,226,000 after buying an additional 4,859,355 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Norfolk Souther Corporation by 31.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,209,269 shares of the railroad operator’s stock valued at $471,313,000 after buying an additional 1,016,319 shares in the last quarter. Investec Asset Management LTD purchased a new position in Norfolk Souther Corporation in the 1st quarter valued at approximately $92,710,000. Finally, Ameriprise Financial Inc. grew its stake in Norfolk Souther Corporation by 36.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,863,015 shares of the railroad operator’s stock valued at $208,626,000 after buying an additional 492,922 shares in the last quarter. Institutional investors and hedge funds own 70.60% of the company’s stock.

In other Norfolk Souther Corporation news, Chairman James A. Squires sold 24,407 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $9,173,895.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas E. Hurlbut sold 300 shares of the firm’s stock in a transaction dated 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 directly owns 4,000 shares in the company, valued at approximately $475,200. 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 three months. Insiders own 0.36% of the company’s stock.

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Norfolk Souther Corporation (NYSE:NSC) opened at 130.99 on Monday. The stock has a market cap of $37.75 billion, a PE ratio of 21.29 and a beta of 1.32. Norfolk Souther Corporation has a 12 month low of $89.95 and a 12 month high of $131.32. The company’s 50 day moving average is $120.17 and its 200 day moving average is $118.29.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 7th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio (DPR) is 39.61%.

Several brokerages have commented on NSC. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Tuesday, June 27th. Wolfe Research raised shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price target for the company in a report on Monday, August 7th. Cowen and Company reissued a “buy” rating and issued a $130.00 price target on shares of Norfolk Souther Corporation in a report on Tuesday, July 11th. BidaskClub downgraded shares of Norfolk Souther Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Finally, UBS AG reissued a “buy” rating and issued a $133.00 price target on shares of Norfolk Souther Corporation in a report on Monday, August 14th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $115.00.

About Norfolk Souther Corporation

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.

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

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