Norfolk Southern Corp. (NSC) : Btr Capital Management Inc added new position in Norfolk Southern Corp. during the most recent quarter end. The investment management firm now holds 2,126 shares of Norfolk Southern Corp. which is valued at $201,842 , the company said in a statement filed on Oct 14, 2016 with the SEC.Norfolk Southern Corp. makes up approximately 0.05% of Btr Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Country Club Trust Company N.a. boosted its stake in NSC in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 3,930 shares of Norfolk Southern Corp. which is valued at $373,114. Norfolk Southern Corp. makes up approx 0.05% of Country Club Trust Company N.a.’s portfolio.Cornerstone Investment Partners reduced its stake in NSC by selling 294,648 shares or 25.6% in the most recent quarter. The Hedge Fund company now holds 856,453 shares of NSC which is valued at $81,208,873. Norfolk Southern Corp. makes up approx 3.58% of Cornerstone Investment Partners’s portfolio.Genesee Valley Trust Co reduced its stake in NSC by selling 7 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 2,358 shares of NSC which is valued at $223,232. Norfolk Southern Corp. makes up approx 0.14% of Genesee Valley Trust Co’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in NSC in the latest quarter, The investment management firm added 153,034 additional shares and now holds a total of 211,999 shares of Norfolk Southern Corp. which is valued at $20,315,864. Norfolk Southern Corp. makes up approx 0.44% of Oregon Public Employees Retirement Fund’s portfolio.
Norfolk Southern Corp. opened for trading at $95.51 and hit $96.4 on the upside on Friday, eventually ending the session at $94.94, with a gain of 0.13% or 0.12 points. The heightened volatility saw the trading volume jump to 14,73,619 shares. Company has a market cap of $27,870 M.
On the company’s financial health, Norfolk Southern Corp. reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.35. The company had revenue of $2454.00 million for the quarter, compared to analysts expectations of $2475.41 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.41 EPS.
Many Wall Street Analysts have commented on Norfolk Southern Corp.. Norfolk Southern Corp. was Upgraded by BofA/Merrill to ” Buy” on Oct 11, 2016.
Norfolk Southern Corporation is a holding company. The Company owns a freight railroad Norfolk Southern Railway Company. The Company is engaged 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. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Company’s system reaches various individual industries electric generating facilities mines distribution centers transload facilities and other businesses located in its service area. The Company’s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture consumer products and Government; automotive and paper clay and forest products.