Norfolk Southern Corporation $NSC Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Norfolk Southern Corporation by 6.3%, now holding 18,808 shares worth approximately $4.81 million.
• Norfolk Southern reported $3.29 EPS for the quarter, exceeding estimates, and announced a quarterly dividend of $1.35 per share.
• Institutional investors own 75.10% of Norfolk Southern's stock, with analysts having a consensus rating of "Hold" and a price target averaging $292.50.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,808 shares of the railroad operator's stock after selling 1,263 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Norfolk Southern were worth $4,814,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC grew its holdings in shares of Norfolk Southern by 1.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator's stock worth $622,000 after purchasing an additional 40 shares during the period. Pinnacle Bancorp Inc. grew its holdings in shares of Norfolk Southern by 30.5% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator's stock worth $47,000 after purchasing an additional 43 shares during the period. Canandaigua National Trust Co of Florida grew its holdings in shares of Norfolk Southern by 4.9% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator's stock worth $226,000 after purchasing an additional 45 shares during the period. Capital Investment Advisory Services LLC grew its holdings in shares of Norfolk Southern by 1.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator's stock worth $605,000 after purchasing an additional 45 shares during the period. Finally, LexAurum Advisors LLC grew its holdings in shares of Norfolk Southern by 3.3% during the 2nd quarter. LexAurum Advisors LLC now owns 1,453 shares of the railroad operator's stock worth $372,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 75.10% of the company's stock.

Norfolk Southern Stock Performance

Norfolk Southern stock opened at $299.98 on Tuesday. The stock has a market cap of $67.38 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 2.69 and a beta of 1.33. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average of $282.90 and a 200-day moving average of $256.57. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $302.24.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating the consensus estimate of $3.24 by $0.05. The company had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $3.10 billion. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%. Norfolk Southern has set its FY 2025 guidance at EPS. On average, analysts expect that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 1st. Norfolk Southern's dividend payout ratio is 36.49%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Benchmark cut Norfolk Southern from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Loop Capital upped their price target on Norfolk Southern from $235.00 to $278.00 and gave the stock a "hold" rating in a report on Tuesday, September 16th. Evercore ISI upped their price target on Norfolk Southern from $289.00 to $298.00 in a report on Thursday, September 25th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $288.00 price target (up previously from $282.00) on shares of Norfolk Southern in a report on Wednesday, July 30th. Finally, Bank of America upped their price target on Norfolk Southern from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $292.50.

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.

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