44,495 Shares in Norfolk Southern Corporation $NSC Bought by EFG International AG

EFG International AG bought a new stake in Norfolk Southern Corporation (NYSE:NSC) during the second quarter, according to its most recent filing with the SEC. The firm bought 44,495 shares of the railroad operator’s stock, valued at approximately $14,005,000.

Several other institutional investors have also recently bought and sold shares of NSC. Louisiana State Employees Retirement System bought a new stake in shares of Norfolk Southern in the first quarter valued at approximately $3,272,000. O Shaughnessy Asset Management LLC increased its position in Norfolk Southern by 9.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 43,408 shares of the railroad operator’s stock worth $12,533,000 after acquiring an additional 3,887 shares during the period. B. Metzler seel. Sohn & Co. AG acquired a new position in Norfolk Southern during the 2nd quarter valued at $3,669,000. SCS Capital Management LLC acquired a new position in Norfolk Southern during the 2nd quarter valued at $13,837,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Norfolk Southern in the 2nd quarter valued at $1,376,000. Institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

NSC has been the topic of several research analyst reports. Robert W. Baird raised their price target on shares of Norfolk Southern from $360.00 to $377.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Evercore set a $358.00 price objective on shares of Norfolk Southern in a research report on Thursday, July 23rd. Wells Fargo & Company increased their target price on shares of Norfolk Southern from $365.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Wall Street Zen upgraded Norfolk Southern from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $363.00 price target on shares of Norfolk Southern in a report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, Norfolk Southern currently has a consensus rating of “Hold” and a consensus target price of $348.00.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $351.73 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.73. The company has a market capitalization of $79.00 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 6.25 and a beta of 1.27. Norfolk Southern Corporation has a one year low of $268.23 and a one year high of $358.60. The business has a 50 day simple moving average of $329.90 and a 200 day simple moving average of $314.17.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.52 EPS for the quarter, beating the consensus estimate of $3.32 by $0.20. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the firm earned $3.29 EPS. Norfolk Southern’s quarterly revenue was up 12.5% on a year-over-year basis. On average, sell-side analysts forecast that Norfolk Southern Corporation will post 12.66 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Friday, August 7th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $5.40 annualized dividend and a dividend yield of 1.5%. Norfolk Southern’s dividend payout ratio is presently 46.08%.

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.