Capitolis Liquid Global Markets LLC Invests $83.41 Million in Norfolk Southern Corporation $NSC

Capitolis Liquid Global Markets LLC bought a new position in shares of Norfolk Southern Corporation (NYSE:NSC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 288,900 shares of the railroad operator’s stock, valued at approximately $83,411,000. Capitolis Liquid Global Markets LLC owned 0.13% of Norfolk Southern at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new position in Norfolk Southern during the 3rd quarter worth $25,000. BNP Paribas bought a new position in Norfolk Southern during the 2nd quarter worth $26,000. GoalVest Advisory LLC increased its stake in Norfolk Southern by 933.3% during the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 84 shares during the period. Meeder Asset Management Inc. increased its stake in Norfolk Southern by 239.3% during the 4th quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 67 shares during the period. Finally, FNY Investment Advisers LLC increased its stake in Norfolk Southern by 669.2% during the 3rd quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock worth $30,000 after acquiring an additional 87 shares during the period. Institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings lowered Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Robert W. Baird raised their price objective on Norfolk Southern from $315.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Wolfe Research raised their price objective on Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Sanford C. Bernstein lowered their price objective on Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Finally, Jefferies Financial Group lowered their price objective on Norfolk Southern from $350.00 to $310.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Six equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $322.71.

Norfolk Southern Trading Down 3.4%

Shares of NSC stock opened at $300.38 on Thursday. The stock’s fifty day moving average price is $309.49 and its two-hundred day moving average price is $300.56. The company has a market cap of $67.46 billion, a PE ratio of 25.31, a P/E/G ratio of 5.74 and a beta of 1.27. Norfolk Southern Corporation has a fifty-two week low of $250.65 and a fifty-two week high of $326.00. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.91.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The company’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. Equities analysts predict that Norfolk Southern Corporation will post 12.12 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a $1.35 dividend. The ex-dividend date was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. Norfolk Southern’s dividend payout ratio (DPR) is currently 45.49%.

About Norfolk Southern

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.