Kintayl Capital LP Invests $11.45 Million in Norfolk Southern Corporation $NSC

Key Points

• Kintayl Capital LP bought a new position of 38,100 Norfolk Southern shares valued at approximately $11.45 million, representing 7.1% of the fund and its fourth-largest holding.
• Norfolk Southern reported quarterly EPS of $3.22 (above the $2.76 consensus) while revenue was $3.0B (slightly below expectations), declared a $1.35 quarterly dividend (annualized $5.40, ~1.9% yield), and trades near $290 with a MarketBeat consensus rating of "Hold" and a $308.95 price target.

Kintayl Capital LP bought a new position in Norfolk Southern Corporation (NYSE:NSC - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,100 shares of the railroad operator's stock, valued at approximately $11,446,000. Norfolk Southern makes up 7.1% of Kintayl Capital LP's holdings, making the stock its 4th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Norfolk Southern by 4.9% in the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator's stock worth $400,000 after acquiring an additional 79 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Norfolk Southern by 40.4% during the 1st quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator's stock worth $1,527,000 after acquiring an additional 1,855 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Norfolk Southern during the 2nd quarter valued at approximately $327,000. Schnieders Capital Management LLC. boosted its position in shares of Norfolk Southern by 64.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator's stock valued at $1,094,000 after acquiring an additional 1,670 shares during the last quarter. Finally, Advisors Capital Management LLC grew its holdings in shares of Norfolk Southern by 23.0% in the second quarter. Advisors Capital Management LLC now owns 1,635 shares of the railroad operator's stock valued at $419,000 after purchasing an additional 306 shares in the last quarter. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Stock Up 0.5%

Shares of NSC opened at $290.74 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 1.06. The business has a fifty day moving average of $300.80 and a 200 day moving average of $292.33. The company has a market cap of $65.29 billion, a PE ratio of 22.80, a P/E/G ratio of 5.22 and a beta of 1.31. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $319.94.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The railroad operator reported $3.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.76 by $0.46. Norfolk Southern had a net margin of 23.59% and a return on equity of 18.78%. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter in the previous year, the business posted $3.04 earnings per share. The business's revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts expect that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Norfolk Southern's payout ratio is currently 42.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NSC shares. Wolfe Research boosted their price target on shares of Norfolk Southern from $361.00 to $368.00 and gave the stock an "outperform" rating in a research report on Thursday, January 8th. Barclays dropped their price objective on shares of Norfolk Southern from $340.00 to $320.00 and set an "overweight" rating for the company in a research note on Friday, January 30th. JPMorgan Chase & Co. reduced their target price on shares of Norfolk Southern from $301.00 to $296.00 and set a "neutral" rating on the stock in a report on Friday, January 30th. UBS Group cut shares of Norfolk Southern from a "buy" rating to a "neutral" rating and set a $342.00 target price on the stock. in a research report on Friday, February 6th. Finally, Argus raised shares of Norfolk Southern to a "hold" rating in a report on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $308.95.

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.

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