Shayne & Jacobs LLC Buys 50 Shares of Norfolk Southern Co. (NYSE:NSC)

Shayne & Jacobs LLC grew its position in shares of Norfolk Southern Co. (NYSE:NSC) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,327 shares of the railroad operator’s stock after buying an additional 50 shares during the quarter. Shayne & Jacobs LLC’s holdings in Norfolk Southern were worth $781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Norfolk Southern by 4.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,314 shares of the railroad operator’s stock valued at $2,812,000 after purchasing an additional 511 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Norfolk Southern by 20.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,428 shares of the railroad operator’s stock worth $3,556,000 after acquiring an additional 2,453 shares during the period. PFG Investments LLC boosted its stake in shares of Norfolk Southern by 5.3% during the 3rd quarter. PFG Investments LLC now owns 2,030 shares of the railroad operator’s stock worth $504,000 after acquiring an additional 102 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Norfolk Southern by 3.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 44,763 shares of the railroad operator’s stock valued at $11,123,000 after acquiring an additional 1,529 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Norfolk Southern by 11.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 79,305 shares of the railroad operator’s stock worth $19,468,000 after purchasing an additional 8,249 shares in the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on NSC. Wells Fargo & Company lowered their target price on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price objective on Norfolk Southern from $284.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Citigroup upped their price target on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Loop Capital downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating and decreased their price objective for the company from $289.00 to $256.00 in a research report on Monday, February 3rd. Finally, Benchmark reiterated a “buy” rating and issued a $285.00 price target on shares of Norfolk Southern in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Norfolk Southern presently has a consensus rating of “Moderate Buy” and an average price target of $276.11.

Insider Activity at Norfolk Southern

In related news, Director Gilbert H. Lamphere purchased 607 shares of Norfolk Southern stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of $259.86 per share, with a total value of $157,735.02. Following the transaction, the director now owns 2,487 shares in the company, valued at approximately $646,271.82. The trade was a 32.29 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameh Fahmy acquired 350 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $249.37 per share, with a total value of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by company insiders.

Norfolk Southern Trading Up 0.3 %

Shares of NYSE NSC opened at $244.92 on Wednesday. The stock has a market capitalization of $55.46 billion, a P/E ratio of 21.19, a PEG ratio of 2.31 and a beta of 1.35. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-year high of $277.60. The business’s 50 day moving average is $245.52 and its two-hundred day moving average is $250.83. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. As a group, research analysts expect that Norfolk Southern Co. will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Friday, February 7th were paid a $1.35 dividend. The ex-dividend date was Friday, February 7th. This represents a $5.40 dividend on an annualized basis and a yield of 2.20%. Norfolk Southern’s payout ratio is 46.71%.

Norfolk Southern 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.