Norfolk Southern Corporation $NSC Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP lessened its stake in Norfolk Southern Corporation (NYSE:NSC) by 38.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,745 shares of the railroad operator’s stock after selling 25,448 shares during the quarter. Cinctive Capital Management LP’s holdings in Norfolk Southern were worth $11,764,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in Norfolk Southern in the 3rd quarter worth about $25,000. GoalVest Advisory LLC increased its holdings in shares of Norfolk Southern by 933.3% in the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 84 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Norfolk Southern by 239.3% in the fourth quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 67 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Norfolk Southern by 669.2% in the third quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 87 shares during the last quarter. Finally, BNP Paribas acquired a new stake in shares of Norfolk Southern in the second quarter valued at approximately $26,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NSC has been the topic of several recent analyst reports. UBS Group set a $327.00 price target on Norfolk Southern in a research note on Thursday, May 7th. JPMorgan Chase & Co. lowered their price target on Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Weiss Ratings lowered Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Sanford C. Bernstein decreased their target price on Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Finally, Evercore set a $325.00 target price on Norfolk Southern in a report on Friday, April 24th. Six research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $322.71.

Norfolk Southern Stock Down 3.4%

Shares of NYSE NSC opened at $300.38 on Thursday. The company has a market capitalization of $67.46 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 5.74 and a beta of 1.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. The business has a 50-day moving average of $309.49 and a two-hundred day moving average of $300.56. Norfolk Southern Corporation has a 1 year low of $250.65 and a 1 year high of $326.00.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.Norfolk Southern’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $2.69 EPS. On average, analysts forecast that Norfolk Southern Corporation will post 12.12 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were given a dividend of $1.35 per share. The ex-dividend date was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.8%. Norfolk Southern’s payout ratio is 45.49%.

Norfolk Southern Company 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.