Norfolk Southern Corporation $NSC Position Raised by Greenland Capital Management LP

Greenland Capital Management LP lifted its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 1,563.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 35,558 shares of the railroad operator’s stock after acquiring an additional 33,420 shares during the period. Norfolk Southern accounts for 1.1% of Greenland Capital Management LP’s portfolio, making the stock its 15th biggest holding. Greenland Capital Management LP’s holdings in Norfolk Southern were worth $10,682,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NSC. ORG Partners LLC boosted its stake in Norfolk Southern by 75.0% during the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Westside Investment Management Inc. raised its holdings in shares of Norfolk Southern by 207.1% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after buying an additional 58 shares during the last quarter. BNP Paribas bought a new stake in shares of Norfolk Southern during the second quarter valued at approximately $26,000. True Wealth Design LLC grew its holdings in Norfolk Southern by 423.8% in the 2nd quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock worth $28,000 after buying an additional 89 shares in the last quarter. Finally, MMA Asset Management LLC bought a new position in Norfolk Southern in the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of NYSE NSC opened at $314.56 on Tuesday. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $319.94. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average of $296.30 and a two-hundred day moving average of $289.60. The company has a market capitalization of $70.64 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 5.62 and a beta of 1.34.

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

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, February 6th. Norfolk Southern’s payout ratio is presently 42.35%.

Insiders Place Their Bets

In related news, Director William Jr. Clyburn acquired 204 shares of the business’s stock in a transaction on Friday, December 5th. The shares were purchased at an average price of $294.79 per share, for a total transaction of $60,137.16. Following the acquisition, the director owned 405 shares in the company, valued at approximately $119,389.95. This represents a 101.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NSC shares. Royal Bank Of Canada cut their target price on Norfolk Southern from $325.00 to $320.00 and set a “sector perform” rating on the stock in a research note on Friday, January 30th. Morgan Stanley upgraded shares of Norfolk Southern from an “equal weight” rating to a “buy” rating in a research note on Thursday, December 18th. Sanford C. Bernstein decreased their target price on shares of Norfolk Southern from $347.00 to $333.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating and dropped their price target for the stock from $354.00 to $297.00 in a research report on Thursday, December 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Norfolk Southern from $301.00 to $296.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $304.47.

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.