Neville Rodie & Shaw Inc. Has $10.34 Million Stake in Norfolk Southern Co. (NYSE:NSC)

Neville Rodie & Shaw Inc. lessened its stake in Norfolk Southern Co. (NYSE:NSC - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,665 shares of the railroad operator's stock after selling 1,920 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Norfolk Southern were worth $10,342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of Norfolk Southern in the 4th quarter worth approximately $547,575,000. Price T Rowe Associates Inc. MD grew its position in shares of Norfolk Southern by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,608,080 shares of the railroad operator's stock worth $2,020,318,000 after acquiring an additional 918,559 shares in the last quarter. Boston Partners grew its position in shares of Norfolk Southern by 16.9% in the 4th quarter. Boston Partners now owns 4,020,392 shares of the railroad operator's stock worth $945,385,000 after acquiring an additional 580,293 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Norfolk Southern by 293.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 671,680 shares of the railroad operator's stock worth $157,643,000 after acquiring an additional 501,053 shares in the last quarter. Finally, Amundi grew its position in shares of Norfolk Southern by 56.4% in the 4th quarter. Amundi now owns 1,302,635 shares of the railroad operator's stock worth $308,607,000 after acquiring an additional 469,558 shares in the last quarter. Institutional investors own 75.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Susquehanna cut their price target on Norfolk Southern from $260.00 to $250.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Barclays cut their price target on Norfolk Southern from $305.00 to $290.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Citigroup reduced their price target on shares of Norfolk Southern from $298.00 to $259.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Bank of America boosted their price target on shares of Norfolk Southern from $267.00 to $280.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, UBS Group boosted their price target on shares of Norfolk Southern from $275.00 to $279.00 and gave the company a "buy" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Norfolk Southern presently has an average rating of "Moderate Buy" and an average price target of $267.24.

Norfolk Southern Price Performance

NSC stock traded down $4.14 during trading hours on Monday, hitting $242.99. 395,968 shares of the stock traded hands, compared to its average volume of 1,217,708. The stock has a 50-day simple moving average of $228.16 and a 200 day simple moving average of $240.92. The company has a market cap of $54.78 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.31 and a beta of 1.30. Norfolk Southern Co. has a one year low of $201.63 and a one year high of $277.60. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share for the quarter, missing analysts' consensus estimates of $2.72 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.01 billion. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. Norfolk Southern's revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.49 earnings per share. Equities analysts forecast that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 2nd were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, May 2nd. Norfolk Southern's dividend payout ratio (DPR) is presently 36.89%.

About Norfolk Southern

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.