Danske Bank A S Makes New Investment in Norfolk Southern Corporation $NSC

Danske Bank A S acquired a new stake in Norfolk Southern Corporation (NYSE:NSC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 107,083 shares of the railroad operator’s stock, valued at approximately $33,687,000.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Norfolk Southern by 4.9% during the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock worth $400,000 after purchasing an additional 79 shares during the period. Intech Investment Management LLC increased its holdings in Norfolk Southern by 40.4% in the 1st quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock valued at $1,527,000 after buying an additional 1,855 shares during the period. Sivia Capital Partners LLC bought a new position in Norfolk Southern in the 2nd quarter valued at about $327,000. Schnieders Capital Management LLC. raised its position in shares of Norfolk Southern by 64.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock valued at $1,094,000 after buying an additional 1,670 shares in the last quarter. Finally, Jump Financial LLC raised its position in shares of Norfolk Southern by 185.1% in the 2nd quarter. Jump Financial LLC now owns 4,588 shares of the railroad operator’s stock valued at $1,174,000 after buying an additional 2,979 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Trading Up 2.0%

NYSE NSC opened at $345.56 on Thursday. The firm has a market capitalization of $77.62 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 6.00 and a beta of 1.27. The business’s 50-day moving average price is $326.76 and its two-hundred day moving average price is $312.66. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.98. Norfolk Southern Corporation has a 12 month low of $268.23 and a 12 month high of $358.60.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.20. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.38 billion. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.29 earnings per share. On average, analysts expect that Norfolk Southern Corporation will post 12.66 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, August 7th will be issued a $1.35 dividend. The ex-dividend date is Friday, August 7th. This represents a $5.40 annualized dividend and a yield of 1.6%. Norfolk Southern’s payout ratio is presently 46.08%.

Analysts Set New Price Targets

NSC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Norfolk Southern from $316.00 to $338.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Barclays upped their price objective on Norfolk Southern from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Wall Street Zen upgraded Norfolk Southern from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Susquehanna lifted their target price on Norfolk Southern from $337.00 to $360.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, BMO Capital Markets increased their target price on shares of Norfolk Southern from $310.00 to $355.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, Norfolk Southern currently has an average rating of “Hold” and an average price target of $348.00.

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.