Norfolk Souther Corporation (NSC) Position Held by First Quadrant L P CA

First Quadrant L P CA held its position in shares of Norfolk Souther Corporation (NYSE:NSC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 118,500 shares of the railroad operator’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Norfolk Souther Corporation were worth $14,421,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. D Orazio & Associates Inc. raised its stake in shares of Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after buying an additional 4 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock valued at $106,000 after buying an additional 227 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock valued at $107,000 after buying an additional 250 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock valued at $114,000 after buying an additional 220 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Norfolk Souther Corporation during the first quarter valued at about $125,000. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Norfolk Souther Corporation (NYSE:NSC) traded up 0.96% during mid-day trading on Friday, hitting $118.63. 1,448,245 shares of the stock were exchanged. The stock’s 50-day moving average price is $118.72 and its 200-day moving average price is $118.14. The company has a market cap of $34.19 billion, a P/E ratio of 19.28 and a beta of 1.33. Norfolk Souther Corporation has a 52-week low of $89.92 and a 52-week high of $125.31.

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, beating the consensus estimate of $1.65 by $0.06. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. During the same quarter in the previous year, the business earned $1.36 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, August 3rd. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

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Several brokerages have commented on NSC. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Wednesday, May 3rd. Deutsche Bank AG lifted their price objective on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Stifel Nicolaus boosted their price target on shares of Norfolk Souther Corporation from $114.00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. TD Securities reissued a “hold” rating on shares of Norfolk Souther Corporation in a research note on Thursday, April 27th. Finally, ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. Norfolk Souther Corporation currently has an average rating of “Hold” and a consensus price target of $112.35.

In other Norfolk Souther Corporation news, Chairman James A. Squires sold 24,407 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $119.95, for a total value of $2,927,619.65. Following the transaction, the chairman now directly owns 76,481 shares of the company’s stock, valued at approximately $9,173,895.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Thomas E. Hurlbut sold 802 shares of the business’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 value of $93,465.08. Following the completion of the sale, the vice president now owns 4,300 shares of the company’s stock, valued at $501,122. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

Norfolk Souther Corporation Company Profile

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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