Norfolk Southern Corp. (NSC) : Charter Trust Co scooped up 635 additional shares in Norfolk Southern Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 20,484 shares of Norfolk Southern Corp. which is valued at $1,944,751.Norfolk Southern Corp. makes up approximately 0.22% of Charter Trust Co’s portfolio.
Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in NSC in the latest quarter, The investment management firm added 1,491 additional shares and now holds a total of 58,765 shares of Norfolk Southern Corp. which is valued at $5,579,149. Norfolk Southern Corp. makes up approx 0.12% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Atria Investments reduced its stake in NSC by selling 189 shares or 5.35% in the most recent quarter. The Hedge Fund company now holds 3,346 shares of NSC which is valued at $316,766. Norfolk Southern Corp. makes up approx 0.03% of Atria Investments’s portfolio.Hills Bank Trust Co boosted its stake in NSC in the latest quarter, The investment management firm added 650 additional shares and now holds a total of 9,665 shares of Norfolk Southern Corp. which is valued at $926,197. Norfolk Southern Corp. makes up approx 0.34% of Hills Bank Trust Co’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.