Norfolk Southern Corp. (NSC) Holdings Lifted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its position in Norfolk Southern Corp. (NYSE:NSC) by 0.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 154,868 shares of the railroad operator’s stock after purchasing an additional 200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Norfolk Southern were worth $28,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Eagle Global Advisors LLC lifted its position in shares of Norfolk Southern by 2.0% in the first quarter. Eagle Global Advisors LLC now owns 2,550 shares of the railroad operator’s stock worth $477,000 after purchasing an additional 50 shares in the last quarter. Harfst & Associates Inc. lifted its position in shares of Norfolk Southern by 3.7% in the first quarter. Harfst & Associates Inc. now owns 1,394 shares of the railroad operator’s stock worth $260,000 after purchasing an additional 50 shares in the last quarter. Telemus Capital LLC lifted its position in shares of Norfolk Southern by 3.5% in the first quarter. Telemus Capital LLC now owns 1,618 shares of the railroad operator’s stock worth $302,000 after purchasing an additional 55 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Norfolk Southern by 2.1% during the first quarter. Parkside Financial Bank & Trust now owns 2,823 shares of the railroad operator’s stock valued at $528,000 after acquiring an additional 58 shares in the last quarter. Finally, Level Four Advisory Services LLC raised its position in Norfolk Southern by 3.0% during the fourth quarter. Level Four Advisory Services LLC now owns 2,054 shares of the railroad operator’s stock valued at $307,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 74.96% of the company’s stock.

In other Norfolk Southern news, VP Jason Andrew Zampi sold 519 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $181.34, for a total transaction of $94,115.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Michael Joseph Wheeler sold 2,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $204.57, for a total value of $511,425.00. Following the transaction, the chief operating officer now owns 12,919 shares in the company, valued at approximately $2,642,839.83. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Shares of NSC stock opened at $200.53 on Wednesday. Norfolk Southern Corp. has a 12 month low of $138.65 and a 12 month high of $211.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.67. The company has a market cap of $52.34 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 1.52 and a beta of 1.44.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Wednesday, April 24th. The railroad operator reported $2.51 EPS for the quarter, beating the consensus estimate of $2.17 by $0.34. Norfolk Southern had a return on equity of 17.80% and a net margin of 24.10%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company posted $1.93 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Norfolk Southern Corp. will post 10.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.86 per share. The ex-dividend date is Thursday, May 2nd. This represents a $3.44 annualized dividend and a yield of 1.72%. Norfolk Southern’s dividend payout ratio (DPR) is presently 36.17%.

Several equities analysts recently weighed in on the stock. Bank of America raised shares of Norfolk Southern from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Monday, April 1st. Argus raised their price objective on shares of Norfolk Southern to $210.00 and gave the company a “positive” rating in a research report on Monday, April 8th. TD Securities raised their price objective on shares of Norfolk Southern from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Barclays raised their price objective on shares of Norfolk Southern from $200.00 to $210.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, BMO Capital Markets raised their price objective on shares of Norfolk Southern from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $202.06.

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Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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