Norfolk Southern Corporation $NSC Holdings Lifted by Greenland Capital Management LP

Greenland Capital Management LP boosted its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 1,563.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,558 shares of the railroad operator’s stock after buying an additional 33,420 shares during the period. Norfolk Southern makes up about 1.1% of Greenland Capital Management LP’s holdings, making the stock its 15th biggest position. Greenland Capital Management LP’s holdings in Norfolk Southern were worth $10,682,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Norfolk Southern by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 20,561,273 shares of the railroad operator’s stock valued at $5,263,069,000 after acquiring an additional 239,914 shares in the last quarter. Dodge & Cox grew its position in Norfolk Southern by 1.8% during the second quarter. Dodge & Cox now owns 10,859,121 shares of the railroad operator’s stock valued at $2,779,609,000 after purchasing an additional 192,567 shares in the last quarter. Geode Capital Management LLC grew its position in Norfolk Southern by 0.8% during the second quarter. Geode Capital Management LLC now owns 4,822,075 shares of the railroad operator’s stock valued at $1,228,064,000 after purchasing an additional 36,362 shares in the last quarter. EdgePoint Investment Group Inc. increased its stake in Norfolk Southern by 4.6% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 4,182,921 shares of the railroad operator’s stock valued at $1,070,702,000 after buying an additional 184,586 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Norfolk Southern by 6.5% in the 2nd quarter. Lazard Asset Management LLC now owns 3,289,431 shares of the railroad operator’s stock worth $841,994,000 after buying an additional 201,861 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Evercore upped their price target on shares of Norfolk Southern from $298.00 to $299.00 in a research note on Thursday, December 18th. Morgan Stanley upgraded Norfolk Southern from an “equal weight” rating to a “buy” rating in a research note on Thursday, December 18th. Susquehanna raised their price target on Norfolk Southern from $304.00 to $305.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Norfolk Southern in a report on Thursday, January 22nd. Finally, Benchmark reissued a “hold” rating on shares of Norfolk Southern in a research note on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $304.47.

Insider Activity

In other news, Director William Jr. Clyburn bought 204 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were acquired at an average cost of $294.79 per share, for a total transaction of $60,137.16. Following the purchase, the director owned 405 shares of the company’s stock, valued at $119,389.95. This represents a 101.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

Norfolk Southern Stock Performance

NSC opened at $314.56 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.78 and a current ratio of 0.85. The company has a market cap of $70.64 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 5.62 and a beta of 1.34. The stock has a 50-day moving average of $296.30 and a 200-day moving average of $289.60. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $319.94.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Thursday, January 29th. The railroad operator reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.46. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.03 billion. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.04 EPS. As a group, equities research analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, February 6th. Norfolk Southern’s payout ratio is presently 42.35%.

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.