Chicago Partners Investment Group LLC Grows Stock Holdings in Norfolk Southern Corporation $NSC

Chicago Partners Investment Group LLC grew its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 20.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,434 shares of the railroad operator’s stock after acquiring an additional 752 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Norfolk Southern were worth $1,243,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Norfolk Southern by 1.2% during the first quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator’s stock valued at $4,813,114,000 after acquiring an additional 232,195 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Norfolk Southern by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock valued at $2,680,910,000 after acquiring an additional 2,710,930 shares in the last quarter. Boston Partners increased its holdings in shares of Norfolk Southern by 3.4% during the first quarter. Boston Partners now owns 4,159,070 shares of the railroad operator’s stock valued at $983,161,000 after acquiring an additional 138,678 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Norfolk Southern by 0.7% during the first quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator’s stock valued at $947,006,000 after acquiring an additional 29,753 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Norfolk Southern by 6.4% during the first quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator’s stock valued at $740,891,000 after acquiring an additional 189,076 shares in the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $290.91 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $302.24. The company’s 50 day moving average is $285.39 and its 200 day moving average is $260.77. The company has a market cap of $65.34 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping the consensus estimate of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.

Analysts Set New Price Targets

NSC has been the topic of several recent analyst reports. Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Susquehanna upped their price objective on shares of Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Bank of America increased their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Norfolk Southern in a report on Wednesday, October 8th. Finally, Barclays increased their price target on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $293.80.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.