GSA Capital Partners LLP Buys 388 Shares of Norfolk Southern Co. (NYSE:NSC)

GSA Capital Partners LLP grew its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 17.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,639 shares of the railroad operator’s stock after purchasing an additional 388 shares during the period. GSA Capital Partners LLP’s holdings in Norfolk Southern were worth $656,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Harbour Investments Inc. boosted its stake in shares of Norfolk Southern by 17.3% during the 3rd quarter. Harbour Investments Inc. now owns 2,377 shares of the railroad operator’s stock valued at $591,000 after purchasing an additional 350 shares in the last quarter. Jeppson Wealth Management LLC bought a new stake in shares of Norfolk Southern during the 3rd quarter valued at about $224,000. Jag Capital Management LLC bought a new stake in shares of Norfolk Southern during the 3rd quarter valued at about $224,000. Addison Advisors LLC boosted its stake in shares of Norfolk Southern by 69.2% during the 3rd quarter. Addison Advisors LLC now owns 807 shares of the railroad operator’s stock valued at $201,000 after purchasing an additional 330 shares in the last quarter. Finally, Paragon Capital Management LLC bought a new stake in Norfolk Southern during the third quarter worth about $220,000. Institutional investors own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

NSC has been the topic of several research reports. Bank of America boosted their price objective on shares of Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays boosted their price objective on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Jefferies Financial Group boosted their price objective on shares of Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their price objective on shares of Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen boosted their price objective on shares of Norfolk Southern from $253.00 to $259.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Norfolk Southern has a consensus rating of “Moderate Buy” and a consensus price target of $275.68.

Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy bought 1,000 shares of Norfolk Southern stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of $255.00 per share, with a total value of $255,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $2,550,000. This represents a 11.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alan H. Shaw sold 51,325 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the completion of the transaction, the chief executive officer now owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. The trade was a 59.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Norfolk Southern Stock Up 0.4 %

NSC opened at $262.22 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The firm has a 50 day moving average price of $253.09 and a 200-day moving average price of $239.10. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60. The stock has a market capitalization of $59.32 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 2.48 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.14. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the company earned $2.65 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Norfolk Southern Co. will post 11.82 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, November 1st will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, November 1st. This represents a $5.40 dividend on an annualized basis and a yield of 2.06%. Norfolk Southern’s dividend payout ratio is currently 50.70%.

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.