Indivisible Partners Invests $1.30 Million in Norfolk Southern Corporation $NSC

Indivisible Partners purchased a new position in shares of Norfolk Southern Corporation (NYSE:NSC) in the fourth quarter, Holdings Channel.com reports. The firm purchased 4,495 shares of the railroad operator’s stock, valued at approximately $1,298,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Credit Industriel ET Commercial purchased a new stake in shares of Norfolk Southern during the 4th quarter worth about $1,155,000. RFG Advisory LLC raised its stake in shares of Norfolk Southern by 12.0% in the 4th quarter. RFG Advisory LLC now owns 1,182 shares of the railroad operator’s stock valued at $341,000 after acquiring an additional 127 shares in the last quarter. Providence First Trust Co bought a new position in shares of Norfolk Southern in the 4th quarter valued at approximately $443,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Norfolk Southern by 1.4% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,433 shares of the railroad operator’s stock valued at $9,075,000 after acquiring an additional 434 shares in the last quarter. Finally, Garner Asset Management Corp raised its stake in shares of Norfolk Southern by 10.9% in the 4th quarter. Garner Asset Management Corp now owns 2,962 shares of the railroad operator’s stock valued at $855,000 after acquiring an additional 292 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NSC has been the topic of a number of recent analyst reports. Rothschild & Co Redburn raised their price objective on Norfolk Southern from $308.00 to $315.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup reissued a “neutral” rating on shares of Norfolk Southern in a research note on Friday, April 24th. Benchmark reissued a “hold” rating on shares of Norfolk Southern in a research note on Friday, January 30th. UBS Group downgraded Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 price objective on the stock. in a research note on Friday, February 6th. Finally, Barclays raised their price objective on Norfolk Southern from $320.00 to $360.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Six analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat, Norfolk Southern currently has an average rating of “Hold” and a consensus target price of $320.67.

Norfolk Southern Stock Performance

Shares of NYSE NSC opened at $313.48 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $299.58 and its two-hundred day moving average is $294.57. The company has a market cap of $70.40 billion, a P/E ratio of 26.41, a P/E/G ratio of 5.76 and a beta of 1.30. Norfolk Southern Corporation has a 12 month low of $218.05 and a 12 month high of $323.37.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. The company 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 for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $2.69 EPS. On average, equities analysts expect that Norfolk Southern Corporation will post 12.11 EPS for the current year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 8th. Norfolk Southern’s dividend payout ratio (DPR) is presently 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.