Norfolk Southern Corporation $NSC Shares Bought by MUFG Securities EMEA plc

MUFG Securities EMEA plc raised its position in Norfolk Southern Corporation (NYSE:NSC) by 114.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,208 shares of the railroad operator’s stock after purchasing an additional 4,914 shares during the period. MUFG Securities EMEA plc’s holdings in Norfolk Southern were worth $2,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NSC. JPL Wealth Management LLC purchased a new position in shares of Norfolk Southern in the 3rd quarter valued at $25,000. Westside Investment Management Inc. grew its position in shares of Norfolk Southern by 207.1% in the 3rd 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 purchased a new position in shares of Norfolk Southern in the 2nd quarter valued at $26,000. GoalVest Advisory LLC grew its position in shares of Norfolk Southern by 933.3% in the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after buying an additional 84 shares during the last quarter. Finally, MMA Asset Management LLC purchased a new position in shares of Norfolk Southern in the 3rd quarter valued at $28,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on NSC. Evercore set a $325.00 price objective on shares of Norfolk Southern in a research report on Friday, April 24th. Citigroup restated a “neutral” rating on shares of Norfolk Southern in a research note on Friday, April 24th. Argus upgraded shares of Norfolk Southern to a “hold” rating in a research note on Wednesday, February 25th. Wolfe Research raised their target price on shares of Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Finally, BMO Capital Markets raised their target price on shares of Norfolk Southern from $305.00 to $310.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th. Six research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $322.29.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $304.86 on Tuesday. Norfolk Southern Corporation has a 1 year low of $241.82 and a 1 year high of $326.00. The firm has a 50 day moving average price of $303.67 and a 200 day moving average price of $298.50. The company has a market cap of $68.47 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 5.63 and a beta of 1.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.91.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.16. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm earned $2.69 earnings per share. Norfolk Southern’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts predict that Norfolk Southern Corporation will post 12.11 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $5.40 annualized dividend and a yield of 1.8%. Norfolk Southern’s dividend payout ratio is currently 45.49%.

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.