SG Americas Securities LLC Sells 1,063 Shares of Norfolk Southern Corporation (NYSE:NSC)

SG Americas Securities LLC lessened its position in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 37.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,772 shares of the railroad operator's stock after selling 1,063 shares during the period. SG Americas Securities LLC's holdings in Norfolk Southern were worth $420,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vision Financial Markets LLC bought a new stake in shares of Norfolk Southern during the fourth quarter worth $28,000. Fourth Dimension Wealth LLC bought a new stake in shares of Norfolk Southern during the fourth quarter worth $28,000. Atlantic Private Wealth LLC bought a new stake in shares of Norfolk Southern during the fourth quarter worth $29,000. Putney Financial Group LLC bought a new stake in shares of Norfolk Southern during the fourth quarter worth $30,000. Finally, Greenline Partners LLC bought a new stake in shares of Norfolk Southern during the fourth quarter worth $31,000. Institutional investors own 75.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NSC shares. Royal Bank Of Canada decreased their target price on shares of Norfolk Southern from $271.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $278.00 target price on shares of Norfolk Southern in a research report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Norfolk Southern in a research report on Friday, March 7th. They issued a "buy" rating and a $293.00 target price for the company. Evercore ISI decreased their target price on shares of Norfolk Southern from $284.00 to $269.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Jefferies Financial Group decreased their target price on shares of Norfolk Southern from $285.00 to $260.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $267.71.

Norfolk Southern Stock Performance

NYSE NSC opened at $257.68 on Wednesday. The firm has a 50-day moving average of $237.88 and a 200-day moving average of $239.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.70 and a current ratio of 0.78. The stock has a market cap of $58.09 billion, a PE ratio of 17.60, a P/E/G ratio of 2.02 and a beta of 1.32. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $277.60.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.72 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.01 billion. Norfolk Southern had a return on equity of 19.65% and a net margin of 27.40%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.49 EPS. On average, sell-side analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors 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 yield of 2.10%. The ex-dividend date was Friday, May 2nd. Norfolk Southern's dividend payout ratio is 36.89%.

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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