Swedbank AB lowered its stake in Norfolk Southern Co. (NYSE:NSC – Free Report) by 0.2% within the third quarter, in accordance with its most up-to-date Type 13F submitting with the Securities and Trade Fee. The fund owned 126,005 shares of the railroad operator’s inventory after promoting 262 shares throughout the quarter. Swedbank AB owned roughly 0.06% of Norfolk Southern value $31,312,000 as of its most up-to-date SEC submitting.
Numerous different institutional traders and hedge funds have additionally lately made modifications to their positions in NSC. Seven Eight Capital LP purchased a brand new place in Norfolk Southern within the 2nd quarter valued at roughly $1,676,000. Manning & Napier Advisors LLC acquired a brand new stake in shares of Norfolk Southern throughout the 2nd quarter value roughly $13,627,000. Broderick Brian C acquired a brand new stake in Norfolk Southern within the 1st quarter valued at $956,000. OFI Make investments Asset Administration acquired a brand new stake in Norfolk Southern within the 2nd quarter valued at $846,000. Lastly, Hoxton Planning & Administration LLC purchased a brand new place in Norfolk Southern throughout the third quarter valued at $583,000. Institutional traders personal 75.10% of the corporate’s inventory.
Insider Transactions at Norfolk Southern
In different information, CEO Alan H. Shaw bought 51,325 shares of the inventory in a transaction on Friday, September thirteenth. The inventory was bought at a median worth of $255.98, for a complete worth of $13,138,173.50. Following the sale, the chief govt officer now immediately owns 35,045 shares of the corporate’s inventory, valued at roughly $8,970,819.10. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. In different information, Director Sameh Fahmy bought 700 shares of the enterprise’s inventory in a transaction on Thursday, August 1st. The inventory was acquired at a median value of $245.15 per share, for a complete transaction of $171,605.00. Following the acquisition, the director now immediately owns 7,700 shares within the firm, valued at $1,887,655. This commerce represents a 0.00 % improve of their place. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is accessible via this hyperlink. Additionally, CEO Alan H. Shaw bought 51,325 shares of the enterprise’s inventory in a transaction that occurred on Friday, September thirteenth. The shares had been bought at a median worth of $255.98, for a complete transaction of $13,138,173.50. Following the sale, the chief govt officer now owns 35,045 shares of the corporate’s inventory, valued at $8,970,819.10. This commerce represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. Insiders personal 0.19% of the corporate’s inventory.
Norfolk Southern Value Efficiency
Shares of Norfolk Southern inventory opened at $255.65 on Thursday. The corporate has a fast ratio of 0.54, a present ratio of 0.63 and a debt-to-equity ratio of 1.30. The corporate has a market cap of $57.75 billion, a PE ratio of 41.17, a P/E/G ratio of two.33 and a beta of 1.31. The enterprise has a 50 day shifting common of $247.44 and a 200 day shifting common of $236.78. Norfolk Southern Co. has a 52 week low of $183.09 and a 52 week excessive of $263.66.
Norfolk Southern (NYSE:NSC – Get Free Report) final issued its quarterly earnings outcomes on Thursday, July twenty fifth. The railroad operator reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.20. The corporate had income of $3.04 billion for the quarter, in comparison with analysts’ expectations of $3.04 billion. Norfolk Southern had a return on fairness of 19.64% and a web margin of 14.85%. The agency’s income for the quarter was up 2.1% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the agency earned $2.95 earnings per share. As a gaggle, equities analysis analysts forecast that Norfolk Southern Co. will publish 11.79 earnings per share for the present 12 months.
Norfolk Southern Publicizes Dividend
The enterprise additionally lately introduced a quarterly dividend, which was paid on Tuesday, August twentieth. Stockholders of file on Friday, August 2nd had been paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $5.40 dividend on an annualized foundation and a dividend yield of two.11%. Norfolk Southern’s dividend payout ratio is presently 86.96%.
Analyst Scores Adjustments
A number of brokerages have weighed in on NSC. Jefferies Monetary Group raised their worth goal on Norfolk Southern from $275.00 to $280.00 and gave the corporate a “purchase” ranking in a analysis notice on Thursday, October tenth. Benchmark lifted their goal worth on Norfolk Southern from $266.00 to $270.00 and gave the inventory a “purchase” ranking in a analysis notice on Monday, July twenty ninth. Morgan Stanley restated an “underweight” ranking and issued a $175.00 worth goal on shares of Norfolk Southern in a analysis notice on Monday, July eighth. TD Cowen boosted their worth goal on Norfolk Southern from $251.00 to $253.00 and gave the corporate a “maintain” ranking in a analysis notice on Friday, July twenty sixth. Lastly, Evercore ISI boosted their worth goal on Norfolk Southern from $265.00 to $276.00 and gave the corporate an “outperform” ranking in a analysis notice on Wednesday, September twenty fifth. One analyst has rated the inventory with a promote ranking, 4 have given a maintain ranking and 13 have given a purchase ranking to the corporate. In response to MarketBeat.com, the inventory presently has a consensus ranking of “Reasonable Purchase” and a consensus goal worth of $266.17.
Verify Out Our Newest Analysis Report on NSC
Norfolk Southern Profile
Norfolk Southern Company, along with its subsidiaries, engages within the rail transportation of uncooked supplies, intermediate merchandise, and completed items in the US. The corporate transports agriculture, forest, and shopper merchandise comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, meals merchandise, meals oils, flour, sweeteners, ethanol, lumber and wooden merchandise, pulp board and paper merchandise, wooden fibers, wooden pulp, drinks, and canned items; chemical compounds include sulfur and associated chemical compounds, petroleum merchandise comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemical compounds, chemical wastes, sand, and pure fuel liquids; metals and development supplies, resembling metal, aluminum merchandise, equipment, scrap metals, cement, aggregates, minerals, clay, transportation gear, and military-related merchandise; and automotive, together with completed motor automobiles and automotive components, in addition to coal.
Additional Studying
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