Versor Investments LP Has $15.49 Million Position in Norfolk Southern Corporation $NSC

Versor Investments LP grew its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,663 shares of the railroad operator’s stock after purchasing an additional 6,146 shares during the quarter. Norfolk Southern comprises approximately 2.4% of Versor Investments LP’s investment portfolio, making the stock its 4th largest position. Versor Investments LP’s holdings in Norfolk Southern were worth $15,494,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC grew its position in shares of Norfolk Southern by 75.0% during the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after buying an additional 36 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Norfolk Southern during the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. grew its position in shares of Norfolk Southern by 207.1% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock worth $26,000 after buying an additional 58 shares during the period. GoalVest Advisory LLC grew its position in shares of Norfolk Southern by 933.3% during the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after buying an additional 84 shares during the period. Finally, MMA Asset Management LLC acquired a new stake in shares of Norfolk Southern during the 3rd quarter worth approximately $28,000. Institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on NSC shares. UBS Group set a $327.00 price objective on shares of Norfolk Southern in a research report on Thursday. Zacks Research raised shares of Norfolk Southern from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Citigroup reaffirmed a “neutral” rating on shares of Norfolk Southern in a research report on Friday, April 24th. Wolfe Research raised their price objective on shares of Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Finally, TD Cowen lifted their price target on shares of Norfolk Southern from $313.00 to $337.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Six research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $319.83.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $311.04 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The stock’s fifty day simple moving average is $299.58 and its two-hundred day simple moving average is $295.25. Norfolk Southern Corporation has a 1-year low of $232.35 and a 1-year high of $323.37. The stock has a market cap of $69.86 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 5.76 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $2.69 EPS. The business’s revenue was up .2% on a year-over-year basis. As a group, analysts forecast that Norfolk Southern Corporation will post 12.11 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, May 8th. Norfolk Southern’s payout ratio is presently 45.49%.

About Norfolk Southern

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.