ASR Vermogensbeheer N.V. Has $5.11 Million Holdings in Norfolk Southern Corporation $NSC

ASR Vermogensbeheer N.V. increased its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,957 shares of the railroad operator’s stock after acquiring an additional 1,128 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Norfolk Southern were worth $5,108,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NSC. WPG Advisers LLC acquired a new position in shares of Norfolk Southern in the first quarter valued at $27,000. HWG Holdings LP acquired a new position in Norfolk Southern in the 1st quarter valued at about $35,000. Physician Wealth Advisors Inc. grew its stake in Norfolk Southern by 129.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after buying an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Norfolk Southern in the 1st quarter valued at about $41,000. Finally, Golden State Wealth Management LLC grew its position in shares of Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after purchasing an additional 159 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on NSC. Deutsche Bank Aktiengesellschaft upped their target price on Norfolk Southern from $290.00 to $354.00 and gave the company a “buy” rating in a research report on Wednesday. Benchmark lowered Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Susquehanna upped their price target on shares of Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Royal Bank Of Canada downgraded shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $288.00 price target (up from $282.00) on shares of Norfolk Southern in a research note on Wednesday, July 30th. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $292.50.

Norfolk Southern Stock Performance

NSC opened at $300.02 on Friday. The firm has a market cap of $67.39 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 2.64 and a beta of 1.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $302.24. The business’s fifty day moving average is $282.63 and its 200-day moving average is $255.79.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. Sell-side analysts expect that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given a dividend of $1.35 per share. The ex-dividend date was Friday, August 1st. This represents a $5.40 annualized dividend and a dividend yield of 1.8%. Norfolk Southern’s dividend payout ratio (DPR) is currently 36.49%.

Norfolk Southern Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.