Greenland Capital Management LP Takes Position in Norfolk Southern Co. (NYSE:NSC)

Greenland Capital Management LP bought a new position in Norfolk Southern Co. (NYSE:NSC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,600 shares of the railroad operator’s stock, valued at approximately $845,000.

Other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Norfolk Southern in the 4th quarter valued at $27,000. Keystone Financial Group Inc. purchased a new position in shares of Norfolk Southern in the 4th quarter worth $27,000. Bank of Jackson Hole Trust acquired a new position in Norfolk Southern in the fourth quarter valued at $27,000. Morse Asset Management Inc purchased a new stake in Norfolk Southern during the third quarter valued at about $30,000. Finally, Vision Financial Markets LLC acquired a new stake in Norfolk Southern during the fourth quarter worth about $28,000. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NSC shares. UBS Group reduced their price objective on Norfolk Southern from $305.00 to $284.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Susquehanna reduced their price target on shares of Norfolk Southern from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada increased their price objective on shares of Norfolk Southern from $275.00 to $286.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Benchmark reissued a “buy” rating and issued a $285.00 target price on shares of Norfolk Southern in a research note on Thursday, January 30th. Finally, Stephens upped their price target on shares of Norfolk Southern from $260.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $269.74.

Norfolk Southern Stock Performance

Shares of NSC opened at $205.85 on Wednesday. Norfolk Southern Co. has a 52-week low of $201.63 and a 52-week high of $277.60. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16. The firm has a market cap of $50.75 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.31 and a beta of 1.30. The business’s 50 day moving average is $239.97 and its two-hundred day moving average is $247.45.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. Analysts forecast that Norfolk Southern Co. will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Friday, February 7th. Norfolk Southern’s dividend payout ratio is currently 46.71%.

Insider Buying and Selling at Norfolk Southern

In other news, Director Gilbert H. Lamphere bought 607 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $259.86 per share, for a total transaction of $157,735.02. Following the transaction, the director now owns 2,487 shares in the company, valued at $646,271.82. The trade was a 32.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by insiders.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.