ARP Americas LP Acquires New Position in Norfolk Southern Corp. (NSC)

ARP Americas LP acquired a new position in shares of Norfolk Southern Corp. (NYSE:NSC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,200 shares of the railroad operator’s stock, valued at approximately $319,000.

A number of other institutional investors have also recently modified their holdings of NSC. Sawyer & Company Inc bought a new stake in Norfolk Southern during the fourth quarter worth about $104,000. Arcadia Investment Management Corp MI grew its stake in Norfolk Southern by 165.1% during the fourth quarter. Arcadia Investment Management Corp MI now owns 835 shares of the railroad operator’s stock worth $121,000 after buying an additional 520 shares during the last quarter. Welch Investments LLC bought a new stake in Norfolk Southern during the fourth quarter worth about $156,000. Advantage Investment Management LLC grew its stake in Norfolk Southern by 43.6% during the third quarter. Advantage Investment Management LLC now owns 1,363 shares of the railroad operator’s stock worth $180,000 after buying an additional 414 shares during the last quarter. Finally, Calton & Associates Inc. bought a new stake in Norfolk Southern during the fourth quarter worth about $191,000. 73.77% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman James A. Squires sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.10, for a total value of $1,501,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Michael Joseph Wheeler sold 1,699 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $143.62, for a total transaction of $244,010.38. The disclosure for this sale can be found here. Insiders sold 15,536 shares of company stock worth $2,277,302 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Several analysts have weighed in on NSC shares. Scotiabank raised shares of Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Friday, January 12th. JPMorgan Chase & Co. decreased their price objective on shares of Norfolk Southern from $154.00 to $151.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Loop Capital cut shares of Norfolk Southern from a “hold” rating to a “sell” rating and set a $133.00 price objective on the stock. in a research note on Monday, November 27th. ValuEngine raised shares of Norfolk Southern from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BMO Capital Markets reissued a “hold” rating and set a $156.00 price target on shares of Norfolk Southern in a research note on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. Norfolk Southern presently has an average rating of “Hold” and a consensus price target of $140.85.

Norfolk Southern Corp. (NYSE:NSC) opened at $141.48 on Friday. Norfolk Southern Corp. has a twelve month low of $109.27 and a twelve month high of $157.15. The firm has a market cap of $39,768.13, a P/E ratio of 7.55, a P/E/G ratio of 1.38 and a beta of 1.29. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.56.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, January 24th. The railroad operator reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.13. Norfolk Southern had a net margin of 51.22% and a return on equity of 14.16%. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the business posted $1.42 earnings per share. Norfolk Southern’s revenue was up 7.2% compared to the same quarter last year. equities analysts predict that Norfolk Southern Corp. will post 8.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 2nd will be issued a $0.72 dividend. This is a positive change from Norfolk Southern’s previous quarterly dividend of $0.61. This represents a $2.88 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, February 1st. Norfolk Southern’s dividend payout ratio is currently 15.38%.

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About Norfolk Southern

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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

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