Slotnik Capital LLC Has $14.38 Million Holdings in Norfolk Southern Corporation $NSC

Slotnik Capital LLC lessened its stake in Norfolk Southern Corporation (NYSE:NSC) by 49.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 49,811 shares of the railroad operator’s stock after selling 49,389 shares during the quarter. Norfolk Southern accounts for 3.3% of Slotnik Capital LLC’s holdings, making the stock its 11th biggest position. Slotnik Capital LLC’s holdings in Norfolk Southern were worth $14,381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Gilbert & Cook Inc. boosted its holdings in shares of Norfolk Southern by 1.4% in the fourth quarter. Gilbert & Cook Inc. now owns 2,515 shares of the railroad operator’s stock valued at $726,000 after buying an additional 35 shares during the period. Moss Adams Wealth Advisors LLC lifted its position in shares of Norfolk Southern by 4.6% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 791 shares of the railroad operator’s stock worth $228,000 after purchasing an additional 35 shares in the last quarter. Confluence Wealth Services Inc. lifted its position in shares of Norfolk Southern by 1.1% in the fourth quarter. Confluence Wealth Services Inc. now owns 3,090 shares of the railroad operator’s stock worth $892,000 after purchasing an additional 35 shares in the last quarter. Exencial Wealth Advisors LLC lifted its position in shares of Norfolk Southern by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 3,216 shares of the railroad operator’s stock worth $929,000 after purchasing an additional 35 shares in the last quarter. Finally, Quotient Wealth Partners LLC lifted its position in shares of Norfolk Southern by 4.5% in the fourth quarter. Quotient Wealth Partners LLC now owns 864 shares of the railroad operator’s stock worth $250,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

NYSE NSC opened at $310.15 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average price is $308.79 and its two-hundred day moving average price is $300.35. Norfolk Southern Corporation has a 1 year low of $248.82 and a 1 year high of $326.00. The firm has a market capitalization of $69.66 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 5.79 and a beta of 1.27.

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

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 8th. Norfolk Southern’s dividend payout ratio is 45.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NSC shares. Sanford C. Bernstein cut their price objective on shares of Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Jefferies Financial Group cut their price objective on shares of Norfolk Southern from $350.00 to $310.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. TD Cowen boosted their price objective on shares of Norfolk Southern from $313.00 to $337.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Zacks Research raised shares of Norfolk Southern from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, UBS Group set a $327.00 price objective on shares of Norfolk Southern in a research report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $322.71.

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.