Kendall Capital Management Has $1.40 Million Holdings in Norfolk Southern Corp. (NYSE:NSC)

Kendall Capital Management lessened its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,221 shares of the railroad operator’s stock after selling 305 shares during the quarter. Kendall Capital Management’s holdings in Norfolk Southern were worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in NSC. Argyle Capital Management Inc. boosted its stake in Norfolk Southern by 1.2% in the 4th quarter. Argyle Capital Management Inc. now owns 4,347 shares of the railroad operator’s stock valued at $844,000 after buying an additional 50 shares in the last quarter. Global Retirement Partners LLC raised its position in Norfolk Southern by 3.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,673 shares of the railroad operator’s stock valued at $325,000 after purchasing an additional 54 shares during the last quarter. Country Club Trust Company n.a. raised its position in Norfolk Southern by 1.2% in the 4th quarter. Country Club Trust Company n.a. now owns 4,733 shares of the railroad operator’s stock valued at $916,000 after purchasing an additional 55 shares during the last quarter. First Financial Corp IN raised its position in Norfolk Southern by 8.5% in the 3rd quarter. First Financial Corp IN now owns 765 shares of the railroad operator’s stock valued at $138,000 after purchasing an additional 60 shares during the last quarter. Finally, NEXT Financial Group Inc raised its position in Norfolk Southern by 2.6% in the 3rd quarter. NEXT Financial Group Inc now owns 2,390 shares of the railroad operator’s stock valued at $429,000 after purchasing an additional 60 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Shares of NSC stock traded down $0.75 on Friday, reaching $207.86. 1,129,449 shares of the stock were exchanged, compared to its average volume of 1,297,403. The stock has a market cap of $54.39 billion, a PE ratio of 20.24, a P/E/G ratio of 1.99 and a beta of 1.36. Norfolk Southern Corp. has a one year low of $160.19 and a one year high of $211.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.73 and a quick ratio of 0.63. The stock has a 50 day moving average price of $196.74 and a 200 day moving average price of $187.44.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, October 23rd. The railroad operator reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.08). Norfolk Southern had a return on equity of 18.22% and a net margin of 23.98%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the firm earned $2.52 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, research analysts expect that Norfolk Southern Corp. will post 10.13 earnings per share for the current fiscal year.

NSC has been the subject of several research analyst reports. Zacks Investment Research upgraded Norfolk Southern from a “sell” rating to a “hold” rating and set a $162.00 price objective for the company in a research report on Tuesday, December 3rd. Bank of America downgraded Norfolk Southern from a “buy” rating to a “neutral” rating and set a $198.00 price objective for the company. in a research report on Wednesday, October 23rd. TD Securities downgraded Norfolk Southern from a “buy” rating to a “hold” rating and cut their price objective for the company from $205.00 to $200.00 in a research report on Thursday, December 19th. Barclays cut their price objective on Norfolk Southern from $200.00 to $195.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Finally, Wells Fargo & Co initiated coverage on Norfolk Southern in a research report on Monday, October 28th. They issued a “market perform” rating and a $216.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $202.59.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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