Van ECK Friends Corp lowered its place in stocks of Norfolk Southern Co. (NYSE:NSC – Loose File) by means of 2.1% all through the third quarter, in keeping with the corporate in its most up-to-date disclosure with the SEC. The fund owned 35,659 stocks of the railroad operator’s inventory after promoting 782 stocks all through the quarter. Van ECK Friends Corp’s holdings in Norfolk Southern have been value $7,022,000 as of its most up-to-date submitting with the SEC.

A number of different hedge price range additionally not too long ago made adjustments to their positions in NSC. Moneta Workforce Funding Advisors LLC grew its holdings in stocks of Norfolk Southern by means of 95,518.3% all through the fourth quarter. Moneta Workforce Funding Advisors LLC now owns 3,028,232 stocks of the railroad operator’s inventory value $746,217,000 after purchasing an extra 3,025,065 stocks all through the final quarter. Norges Financial institution bought a brand new place in stocks of Norfolk Southern all through the fourth quarter value about $537,007,000. Value T Rowe Friends Inc. MD grew its holdings in stocks of Norfolk Southern by means of 86.7% all through the fourth quarter. Value T Rowe Friends Inc. MD now owns 2,724,821 stocks of the railroad operator’s inventory value $671,451,000 after purchasing an extra 1,265,666 stocks all through the final quarter. Morgan Stanley grew its holdings in stocks of Norfolk Southern by means of 33.5% all through the fourth quarter. Morgan Stanley now owns 2,546,214 stocks of the railroad operator’s inventory value $627,438,000 after purchasing an extra 638,384 stocks all through the final quarter. In the end, Massachusetts Monetary Services and products Co. MA bought a brand new place in stocks of Norfolk Southern all through the 3rd quarter value about $103,223,000. Hedge price range and different institutional buyers personal 72.37% of the corporate’s inventory.

Wall Side road Analyst Weigh In

Quite a few equities analysis analysts not too long ago commented on NSC stocks. Sanford C. Bernstein upgraded stocks of Norfolk Southern from a “marketplace carry out” score to an “outperform” score and set a $272.00 value goal for the corporate in a analysis file on Monday, January twenty second. TD Cowen downgraded stocks of Norfolk Southern from an “outperform” score to a “marketplace carry out” score and raised their value goal for the corporate from $233.00 to $236.00 in a analysis file on Monday, January twenty ninth. UBS Workforce raised their value goal on stocks of Norfolk Southern from $209.00 to $238.00 and gave the corporate a “impartial” score in a analysis file on Monday, January twenty ninth. Royal Financial institution of Canada lowered their value goal on stocks of Norfolk Southern from $215.00 to $207.00 and set a “sector carry out” score for the corporate in a analysis file on Monday, January twenty ninth. In the end, Stifel Nicolaus downgraded stocks of Norfolk Southern from a “purchase” score to a “grasp” score and lowered their value goal for the corporate from $250.00 to $233.00 in a analysis file on Monday, January twenty ninth. One analyst has rated the inventory with a promote score, 9 have issued a grasp score and 9 have given a purchase score to the corporate. In line with MarketBeat, the corporate has a consensus score of “Hang” and a consensus value goal of $238.94.

Get Our Newest Inventory File on NSC

Norfolk Southern Buying and selling Up 0.3 %

Stocks of Norfolk Southern inventory opened at $254.83 on Friday. The corporate has a debt-to-equity ratio of one.34, a present ratio of one.24 and a snappy ratio of one.14. Norfolk Southern Co. has a 1 yr low of $183.09 and a 1 yr prime of $256.36. The corporate has a marketplace capitalization of $57.56 billion, a P/E ratio of 31.77, a P/E/G ratio of four.43 and a beta of one.30. The industry has a 50 day transferring reasonable value of $234.74 and a 200 day transferring reasonable value of $215.97.

Norfolk Southern (NYSE:NSC – Get Loose File) final issued its quarterly income knowledge on Friday, January twenty sixth. The railroad operator reported $2.83 income in line with proportion (EPS) for the quarter, lacking the consensus estimate of $2.87 by means of ($0.04). Norfolk Southern had a go back on fairness of 21.06% and a web margin of 15.03%. The corporate had income of $3.10 billion for the quarter, in comparison to analyst estimates of $3.09 billion. All the way through the similar quarter within the prior yr, the company earned $3.42 income in line with proportion. The corporate’s income for the quarter was once down 4.2% on a year-over-year foundation. Promote-side analysts look forward to that Norfolk Southern Co. will submit 12.25 EPS for the present fiscal yr.

Norfolk Southern Publicizes Dividend

The corporate additionally not too long ago introduced a quarterly dividend, which might be paid on Tuesday, February twentieth. Shareholders of report on Friday, February second might be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $5.40 annualized dividend and a yield of two.12%. Norfolk Southern’s payout ratio is these days 67.33%.

Norfolk Southern Profile

(Loose File)

Norfolk Southern Company, along with its subsidiaries, engages within the rail transportation of uncooked fabrics, intermediate merchandise, and completed items in the USA. The corporate transports agriculture, woodland, and shopper merchandise comprising soybeans, wheat, corn, fertilizers, farm animals and poultry feed, meals merchandise, meals oils, flour, sweeteners, ethanol, lumber and wooden merchandise, pulp board and paper merchandise, wooden fibers, wooden pulp, drinks, and canned items; chemical substances include sulfur and connected chemical substances, petroleum merchandise comprising crude oil, chlorine and bleaching compounds, plastics, rubber, commercial chemical substances, chemical wastes, sand, and herbal fuel liquids; metals and building fabrics, equivalent to metal, aluminum merchandise, equipment, scrap metals, cement, aggregates, minerals, clay, transportation apparatus, and military-related merchandise; and car, together with completed motor automobiles and car portions, in addition to coal.

Really helpful Tales

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