Sei Investments Co. Has $45.28 Million Position in Norfolk Southern Corporation $NSC

Sei Investments Co. lessened its holdings in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,752 shares of the railroad operator's stock after selling 6,981 shares during the period. Sei Investments Co. owned about 0.07% of Norfolk Southern worth $45,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Louisiana State Employees Retirement System acquired a new stake in Norfolk Southern during the 1st quarter worth about $3,272,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Norfolk Southern by 9.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 43,408 shares of the railroad operator's stock valued at $12,533,000 after purchasing an additional 3,887 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Norfolk Southern by 49.3% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 50,620 shares of the railroad operator's stock worth $14,615,000 after purchasing an additional 16,720 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Norfolk Southern by 8.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 138,194 shares of the railroad operator's stock valued at $39,899,000 after purchasing an additional 10,910 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in Norfolk Southern by 54.4% in the 4th quarter. Gabelli Funds LLC now owns 51,112 shares of the railroad operator's stock valued at $14,757,000 after buying an additional 18,012 shares during the period. Hedge funds and other institutional investors own 75.10% of the company's stock.

Norfolk Southern News Roundup

Here are the key news stories impacting Norfolk Southern this week:

• Positive Sentiment: Norfolk Southern beat Q2 expectations, posting $3.52 in EPS and revenue above estimates, with revenue up 12.5% year over year and record quarterly sales. Reuters article
• Positive Sentiment: Wells Fargo raised its price target to $385 and reiterated an overweight rating, signaling confidence that the stock still has room to run. Benzinga article
• Positive Sentiment: Citigroup lifted its target to $376, reflecting a more constructive view after the earnings release, even though it kept a neutral rating. Benzinga article
• Neutral Sentiment: JPMorgan raised its target to $338 but maintained a neutral rating, suggesting valuation looks less compelling after the recent move higher. Benzinga article
• Neutral Sentiment: Some commentary noted lower profitability and margin pressure despite the revenue beat, which may temper enthusiasm if cost pressures persist. Seeking Alpha article
• Negative Sentiment: Profitability was held back by higher fuel costs and lower efficiency, showing that cost inflation remains a headwind even as demand improves. TipRanks article

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NSC shares. Rothschild & Co Redburn increased their target price on shares of Norfolk Southern from $308.00 to $315.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of Norfolk Southern from $316.00 to $338.00 and gave the stock a "neutral" rating in a research note on Friday. Weiss Ratings upgraded Norfolk Southern from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Wall Street Zen upgraded Norfolk Southern from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, Evercore set a $358.00 price target on Norfolk Southern in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $344.35.

Norfolk Southern Price Performance

NYSE NSC opened at $351.69 on Monday. Norfolk Southern Corporation has a fifty-two week low of $268.23 and a fifty-two week high of $358.60. The stock's 50-day moving average is $317.37 and its two-hundred day moving average is $306.29. The firm has a market cap of $78.99 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 6.32 and a beta of 1.27. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.73.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.20. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.38 billion. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.The firm's revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.29 EPS. On average, analysts anticipate that Norfolk Southern Corporation will post 12.42 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, August 7th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 7th. Norfolk Southern's payout ratio is presently 46.08%.

Norfolk Southern Company Profile

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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