Keybank National Association OH trimmed its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 247,056 shares of the railroad operator’s stock after selling 4,617 shares during the period. Keybank National Association OH owned 0.09% of Norfolk Souther Corporation worth $30,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ray Gerald L & Associates Ltd. grew its position in Norfolk Souther Corporation by 438.0% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 47,943 shares of the railroad operator’s stock worth $5,834,000 after purchasing an additional 39,032 shares in the last quarter. QCI Asset Management Inc. NY grew its position in Norfolk Souther Corporation by 0.5% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,099 shares of the railroad operator’s stock worth $134,000 after purchasing an additional 5 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in Norfolk Souther Corporation by 242.3% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 26,700 shares of the railroad operator’s stock worth $3,249,000 after purchasing an additional 18,900 shares in the last quarter. Girard Partners LTD. grew its position in Norfolk Souther Corporation by 7.9% during the 2nd quarter. Girard Partners LTD. now owns 4,277 shares of the railroad operator’s stock worth $521,000 after purchasing an additional 312 shares in the last quarter. Finally, Capital Planning Advisors LLC grew its position in Norfolk Souther Corporation by 2.9% during the 2nd quarter. Capital Planning Advisors LLC now owns 2,467 shares of the railroad operator’s stock worth $300,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 70.60% of the company’s stock.

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In other Norfolk Souther Corporation news, Chairman James A. Squires sold 24,407 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total value of $2,927,619.65. Following the completion of the sale, the chairman now owns 76,481 shares in the company, valued at $9,173,895.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas E. Hurlbut sold 300 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total transaction of $35,640.00. Following the completion of the sale, the vice president now owns 4,000 shares of the company’s stock, valued at approximately $475,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,077 shares of company stock valued at $3,244,531. Corporate insiders own 0.36% of the company’s stock.

Norfolk Souther Corporation (NSC) opened at 130.99 on Friday. The company has a 50-day moving average of $120.17 and a 200 day moving average of $118.29. Norfolk Souther Corporation has a one year low of $89.95 and a one year high of $131.15. The company has a market cap of $37.75 billion, a P/E ratio of 21.29 and a beta of 1.32.

Norfolk Souther Corporation (NYSE:NSC) last announced its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 7th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio is currently 39.61%.

Several research firms have weighed in on NSC. Cowen and Company reiterated an “outperform” rating and set a $130.00 price objective on shares of Norfolk Souther Corporation in a research report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $124.00 price objective (up from $122.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Deutsche Bank AG cut shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $132.00 to $104.00 in a research report on Monday, July 31st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $139.00 price objective (up from $133.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 13th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $115.00.

Norfolk Souther Corporation Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

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