Norfolk Souther Corporation (NYSE:NSC) Holdings Lifted by Bancorpsouth Inc

Remigio Civitarese
Ottobre 22, 2017

LLC raised its holdings in Norfolk Souther Corporation (NYSE:NSC) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. A 9 analysts rate it as either a buy or a strong buy, while2 believe that investors should either steer clear of NSC or, if they already own its stock, sell it. California State Teachers Retirement System owned approximately 0.19% of Norfolk Souther Corporation worth $67,239,000 as of its most recent filing with the Securities & Exchange Commission.

The following firms have recently changed their position in NSC. AlphaMark Advisors LLC now owns 875 shares of the railroad operator's stock worth $106,000 after buying an additional 150 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Norfolk Souther Corporation by 12,069.6% in the second quarter. Lazard Asset Management LLC now owns 6,343,533 shares of the railroad operator's stock valued at $772,007,000 after buying an additional 925,496 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings in Norfolk Souther Corporation by 20.7% in the second quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator's stock worth $107,000 after buying an additional 250 shares in the last quarter. Norfolk Southern Corporation has 292.65 million shares outstanding, and in the last trade has seen ATR around 1.79. D Orazio & Associates Inc. now owns 891 shares of the railroad operator's stock valued at $100,000 after buying an additional 4 shares during the period.

01/18/2017 - Buckingham Research began new coverage on Norfolk Souther Corporation giving the company a "neutral" rating. Following the completion of the transaction, the chairman now owns 76,481 shares of the company's stock, valued at approximately $9,173,895.95.

Norfolk Southern Corporation (NYSE:NSC) appreciated by 0.8% at $130.52, after hitting low of $130.04 in an intra-day trade. The company has a market capitalization of $31.55 billion, a PE ratio of 20.01 and a beta of 1.20. During the last 52 weeks, the (NYSE:NSC) price has been as high as $134.52 and as low as $89.95.

Norfolk Souther Corporation has a 50 day moving average of 129.13 and a 200 day moving average of 120.82.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings results on Wednesday, July 26th. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Norfolk Souther Corporation had a return on equity of 13.15% and a net margin of 16.27%. The business's revenue was up 7.5% compared to the same quarter a year ago. During the same quarter a year ago, the firm earned $1.36 EPS. The ROA for Norfolk Southern Corporation tells us exactly what earnings were generated from the invested capital. This buyback authorization allows the railroad operator to buy shares of its stock through open market purchases. The company's quarterly EPS surprised Wall Street by as much as 4% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 300 shares of the firm's stock in a transaction on Tuesday, August 29th. STEWART MARTA R sold 2,093 shares worth $255,304. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The shares were sold at an average price of $118.80, for a total value of $35,640.00. The disclosure for this sale can be found here. Insiders sold a total of 27,077 shares of company stock valued at $3,244,531 in the last quarter. Company insiders own 0.36% of the company's stock.

05/25/2017 - Norfolk Souther Corporation had its "outperform" rating reiterated by analysts at Credit Suisse.

TRADEMARK VIOLATION NOTICE: This news story was first reported by StockNewsTimes and is the property of of StockNewsTimes. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/21/norfolk-souther-corporation-nsc-stake-decreased-by-mr-capital-management-inc.html. TD Securities reaffirmed a "hold" rating and set a $88.00 target price on shares of Norfolk Souther Corporation in a research report on Thursday, December 10th. Wells Fargo & Company downgraded shares of Norfolk Souther Corporation from an "outperform" rating to a "market perform" rating in a report on Monday, October 16th. BMO Capital Markets reissued a "hold" rating and set a $127.00 price target on shares of Norfolk Souther Corporation in a research report on Friday. Vanguard Group Inc. grew its holdings in shares of Norfolk Souther Corporation by 3.2% during the second quarter. Of the 27 analysts surveyed by Reuters that track NSC 16 of them rate its stock a hold.

On October 2 Morgan Stanley made no change to the company rating of "Underweight" and moved down the price target from $77.00 to $75.00. The Company is involved in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest, and through interchange with rail carriers, to and from the rest of the United States.

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