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

ASR Vermogensbeheer N.V. grew its stake in Norfolk Southern Corporation (NYSE:NSC) by 6.0% during the second quarter, HoldingsChannel reports. The firm owned 19,957 shares of the railroad operator’s stock after buying an additional 1,128 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Norfolk Southern were worth $5,108,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NSC. Brighton Jones LLC boosted its position in Norfolk Southern by 4.9% in the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after buying an additional 79 shares in the last quarter. NBC Securities Inc. boosted its position in Norfolk Southern by 115,400.0% in the first quarter. NBC Securities Inc. now owns 1,155 shares of the railroad operator’s stock valued at $273,000 after buying an additional 1,154 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Norfolk Southern by 7.0% during the 1st quarter. Merit Financial Group LLC now owns 9,614 shares of the railroad operator’s stock valued at $2,277,000 after acquiring an additional 632 shares in the last quarter. RFG Advisory LLC boosted its holdings in shares of Norfolk Southern by 7.0% during the 1st quarter. RFG Advisory LLC now owns 1,157 shares of the railroad operator’s stock valued at $274,000 after acquiring an additional 76 shares in the last quarter. Finally, Curat Global LLC acquired a new stake in shares of Norfolk Southern during the 1st quarter valued at $214,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NSC. Weiss Ratings reissued a “buy (b-)” rating on shares of Norfolk Southern in a report on Saturday, September 27th. Royal Bank Of Canada lowered Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Bank of America lifted their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Loop Capital lifted their target price on shares of Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a research report on Tuesday, September 16th. Finally, Benchmark cut shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $292.50.

Norfolk Southern Stock Up 0.6%

Shares of NYSE NSC opened at $300.02 on Friday. The company has a market capitalization 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. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $302.24. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. The company’s 50 day moving average price is $282.63 and its 200-day moving average price is $255.79.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results 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. Equities analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 1st. Norfolk Southern’s payout ratio is currently 36.49%.

About Norfolk Southern

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.