Argent Trust Co decreased its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,133 shares of the railroad operator’s stock after selling 28 shares during the period. Argent Trust Co’s holdings in Norfolk Souther Corporation were worth $575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSC. MCF Advisors LLC raised its position in Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after buying an additional 227 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock worth $107,000 after buying an additional 250 shares in the last quarter. SRS Capital Advisors Inc. bought a new position in Norfolk Souther Corporation during the fourth quarter worth about $106,000. Signature Estate & Investment Advisors LLC bought a new position in Norfolk Souther Corporation during the first quarter worth about $125,000. Finally, State of Alaska Department of Revenue bought a new position in Norfolk Souther Corporation during the first quarter worth about $168,000. Institutional investors and hedge funds own 70.18% of the company’s stock.

Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

Norfolk Souther Corporation (NYSE:NSC) last announced its quarterly earnings data on Wednesday, April 26th. The railroad operator reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.12. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.55 billion. Norfolk Souther Corporation had a return on equity of 13.82% and a net margin of 17.07%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.29 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 10th. Shareholders of record on Friday, May 5th were given a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $2.44 dividend on an annualized basis and a yield of 2.07%. Norfolk Souther Corporation’s payout ratio is 42.00%.

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A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group restated an “outperform” rating and set a $133.00 price objective on shares of Norfolk Souther Corporation in a research report on Sunday, May 28th. TD Securities restated a “hold” rating on shares of Norfolk Souther Corporation in a research report on Thursday, April 27th. Finally, Loop Capital restated a “hold” rating on shares of Norfolk Souther Corporation in a research report on Saturday, March 25th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $108.31.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 571 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $117.66, for a total value of $67,183.86. Following the transaction, the vice president now directly owns 6,529 shares in the company, valued at approximately $768,202.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas E. Hurlbut sold 1,427 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $116.92, for a total value of $166,844.84. Following the completion of the transaction, the vice president now owns 5,102 shares in the company, valued at $596,525.84. The disclosure for this sale can be found here. Insiders sold a total of 2,800 shares of company stock worth $327,494 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Norfolk Souther Corporation Company Profile

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.

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