Cleararc Capital Inc. Has $795,000 Position in Norfolk Souther Corporation (NYSE:NSC)

Cleararc Capital Inc. held its position in Norfolk Souther Corporation (NYSE:NSC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,097 shares of the railroad operator’s stock at the end of the first quarter. Cleararc Capital Inc.’s holdings in Norfolk Souther Corporation were worth $795,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hills Bank & Trust Co. boosted its position in Norfolk Souther Corporation by 1.8% in the first quarter. Hills Bank & Trust Co. now owns 9,653 shares of the railroad operator’s stock worth $1,081,000 after buying an additional 168 shares during the last quarter. West Oak Capital LLC boosted its position in Norfolk Souther Corporation by 4.7% in the first quarter. West Oak Capital LLC now owns 12,638 shares of the railroad operator’s stock worth $1,415,000 after buying an additional 570 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Norfolk Souther Corporation by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 267,991 shares of the railroad operator’s stock worth $30,007,000 after buying an additional 5,074 shares during the last quarter. McQueen Ball & Associates Inc. boosted its position in shares of Norfolk Souther Corporation by 0.3% in the first quarter. McQueen Ball & Associates Inc. now owns 17,241 shares of the railroad operator’s stock valued at $1,930,000 after buying an additional 50 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its position in shares of Norfolk Souther Corporation by 11.6% in the first quarter. Franklin Street Advisors Inc. NC now owns 16,385 shares of the railroad operator’s stock valued at $1,835,000 after buying an additional 1,700 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Norfolk Souther Corporation (NYSE NSC) opened at 116.56 on Friday. The stock has a market cap of $33.59 billion, a P/E ratio of 18.94 and a beta of 1.33. Norfolk Souther Corporation has a one year low of $88.07 and a one year high of $125.31. The firm has a 50 day moving average of $118.78 and a 200 day moving average of $118.14.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping the consensus estimate of $1.65 by $0.06. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.36 earnings per share. On average, equities research analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 7th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio is currently 39.61%.

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Several brokerages have commented on NSC. Scotiabank cut shares of Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a research report on Tuesday, June 27th. Stifel Nicolaus raised their price target on shares of Norfolk Souther Corporation from $114.00 to $122.00 and gave the company a “hold” rating in a research report on Monday, May 1st. UBS AG reissued a “buy” rating and issued a $138.00 price target (up previously from $135.00) on shares of Norfolk Souther Corporation in a research report on Friday, April 28th. Finally, Wolfe Research raised shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Monday, August 7th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company. Norfolk Souther Corporation has a consensus rating of “Hold” and an average price target of $112.65.

In related news, VP Thomas E. Hurlbut sold 802 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $116.54, for a total transaction of $93,465.08. Following the transaction, the vice president now owns 4,300 shares of the company’s stock, valued at $501,122. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.36% of the company’s stock.

About Norfolk Souther Corporation

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

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