IFM Investors Pty Ltd Has $12.73 Million Stake in Norfolk Southern Corporation $NSC

IFM Investors Pty Ltd trimmed its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 15.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 53,736 shares of the railroad operator’s stock after selling 9,782 shares during the period. IFM Investors Pty Ltd’s holdings in Norfolk Southern were worth $12,727,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Canandaigua National Trust Co of Florida raised its stake in Norfolk Southern by 4.9% during the first quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator’s stock worth $226,000 after acquiring an additional 45 shares in the last quarter. Capital Investment Advisory Services LLC raised its stake in Norfolk Southern by 1.8% during the first quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator’s stock worth $605,000 after acquiring an additional 45 shares in the last quarter. Certified Advisory Corp raised its stake in Norfolk Southern by 1.0% during the first quarter. Certified Advisory Corp now owns 4,644 shares of the railroad operator’s stock worth $1,100,000 after acquiring an additional 47 shares in the last quarter. Malaga Cove Capital LLC raised its stake in Norfolk Southern by 2.1% during the fourth quarter. Malaga Cove Capital LLC now owns 2,451 shares of the railroad operator’s stock worth $575,000 after acquiring an additional 50 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in Norfolk Southern by 1.2% during the first quarter. Salem Investment Counselors Inc. now owns 4,241 shares of the railroad operator’s stock worth $1,004,000 after acquiring an additional 50 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Stock Down 0.5%

Shares of Norfolk Southern stock opened at $272.20 on Thursday. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $291.69. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The stock’s 50-day moving average is $275.66 and its 200 day moving average is $249.88. The firm has a market cap of $61.14 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 2.42 and a beta of 1.29.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating 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 company 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. Equities research analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given a dividend of $1.35 per share. The ex-dividend date was Friday, August 1st. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. Norfolk Southern’s dividend payout ratio is presently 36.49%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Jefferies Financial Group reissued a “hold” rating and set a $300.00 target price on shares of Norfolk Southern in a research note on Friday, July 25th. Evercore ISI reissued an “in-line” rating and set a $289.00 target price (up previously from $279.00) on shares of Norfolk Southern in a research note on Wednesday, July 30th. Royal Bank Of Canada downgraded Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein boosted their price target on Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Benchmark cut Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $285.15.

About Norfolk Southern

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.