Natixis Advisors L.P. Boosts Stake in Norfolk Southern Corp. (NSC)

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Natixis Advisors L.P. lifted its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 27,544 shares of the railroad operator’s stock after buying an additional 1,828 shares during the quarter. Natixis Advisors L.P.’s holdings in Norfolk Southern were worth $4,118,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Resources Management Corp CT ADV purchased a new stake in Norfolk Southern during the 3rd quarter worth about $733,000. Curbstone Financial Management Corp lifted its holdings in Norfolk Southern by 16.1% during the 4th quarter. Curbstone Financial Management Corp now owns 3,250 shares of the railroad operator’s stock worth $490,000 after purchasing an additional 450 shares in the last quarter. Virtu Financial LLC lifted its holdings in Norfolk Southern by 57.6% during the 3rd quarter. Virtu Financial LLC now owns 10,153 shares of the railroad operator’s stock worth $1,832,000 after purchasing an additional 3,712 shares in the last quarter. Arlington Partners LLC purchased a new stake in Norfolk Southern during the 4th quarter worth about $37,000. Finally, Fosun International Ltd purchased a new stake in Norfolk Southern during the 4th quarter worth about $238,000. Institutional investors own 73.37% of the company’s stock.

A number of brokerages recently issued reports on NSC. Zacks Investment Research raised Norfolk Southern from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a report on Wednesday, November 21st. ValuEngine cut Norfolk Southern from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Loop Capital set a $188.00 price objective on Norfolk Southern and gave the stock a “buy” rating in a report on Monday, November 26th. Credit Suisse Group increased their price objective on Norfolk Southern from $181.00 to $195.00 and gave the stock an “outperform” rating in a report on Tuesday, February 12th. Finally, TD Securities increased their price objective on Norfolk Southern from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $185.37.

NYSE:NSC opened at $179.52 on Friday. Norfolk Southern Corp. has a twelve month low of $127.79 and a twelve month high of $186.91. The stock has a market capitalization of $47.97 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.64 and a current ratio of 0.72.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Thursday, January 24th. The railroad operator reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.27. Norfolk Southern had a return on equity of 16.71% and a net margin of 23.27%. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the firm posted $1.69 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. As a group, research analysts expect that Norfolk Southern Corp. will post 10.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 4th were issued a $0.86 dividend. The ex-dividend date was Friday, February 1st. This represents a $3.44 annualized dividend and a dividend yield of 1.92%. This is a boost from Norfolk Southern’s previous quarterly dividend of $0.80. Norfolk Southern’s dividend payout ratio (DPR) is presently 36.17%.

In related news, VP Jason Andrew Zampi sold 519 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $181.34, for a total transaction of $94,115.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Michael Joseph Wheeler sold 4,761 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $180.23, for a total value of $858,075.03. Following the transaction, the chief operating officer now directly owns 19,724 shares in the company, valued at $3,554,856.52. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

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Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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