Bayesian Capital Management LP Purchases New Holdings in Norfolk Southern Co. (NYSE:NSC)

Bayesian Capital Management LP acquired a new stake in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,500 shares of the railroad operator's stock, valued at approximately $352,000.

Several other large investors have also made changes to their positions in NSC. Financial Life Planners acquired a new position in shares of Norfolk Southern in the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. acquired a new position in Norfolk Southern in the fourth quarter worth $27,000. Bank of Jackson Hole Trust bought a new position in shares of Norfolk Southern in the fourth quarter valued at about $27,000. Vision Financial Markets LLC acquired a new position in Norfolk Southern during the 4th quarter worth about $28,000. Finally, Atlantic Private Wealth LLC bought a new stake in Norfolk Southern during the 4th quarter worth about $29,000. Institutional investors own 75.10% of the company's stock.

Norfolk Southern Stock Up 6.9%

Shares of Norfolk Southern stock traded up $15.34 during trading on Monday, reaching $238.84. The stock had a trading volume of 833,419 shares, compared to its average volume of 1,211,210. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $53.84 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 2.31 and a beta of 1.30. The stock has a fifty day moving average price of $225.86 and a two-hundred day moving average price of $242.76. Norfolk Southern Co. has a 52 week low of $201.63 and a 52 week high of $277.60.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.01 billion. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. The company's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 EPS. Sell-side analysts predict that Norfolk Southern Co. will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 2nd will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $5.40 annualized dividend and a yield of 2.26%. Norfolk Southern's payout ratio is currently 36.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Barclays reduced their target price on shares of Norfolk Southern from $305.00 to $290.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Norfolk Southern in a report on Friday, March 7th. They set a "buy" rating and a $293.00 price objective on the stock. UBS Group dropped their target price on Norfolk Southern from $284.00 to $275.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group decreased their price target on Norfolk Southern from $285.00 to $260.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Loop Capital cut Norfolk Southern from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $289.00 to $256.00 in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $266.10.

Norfolk Southern Company 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.