From MarketBeat:

IFM Investors Pty Ltd cut its position in Norfolk Southern Co. by 19.7% in the 3rd quarter, selling 14,661 shares and bringing their total to 59,664 shares. A number of other institutional investors have also made moves with NSC, with 72.37% owned by institutional investors and hedge funds. (NYSE:NSC)

Norfolk Southern’s stock opened at $229.02 on Monday and has a quick ratio of 0.97, current ratio of 1.08, and a debt-to-equity ratio of 1.28. NSC also has a market cap of 51.70 billion, P/E ratio of 25.11, P/E/G ratio of 3.76, and beta of 1.31, with a 50-day simple moving average of $217.74 and a 200-day simple moving average of $214.28.

Norfolk Southern recently missed its quarterly earnings, reporting $2.65 EPS for the quarter, below the $2.74 consensus estimate. The firm also declared a quarterly dividend of $1.35 per share to stockholders, with a dividend yield of 2.36%. Analysts project Norfolk Southern to post 11.82 EPS for the current fiscal year.

Equities research analysts have issued reports on Norfolk Southern, with eight giving it a hold rating and fourteen recommending a buy. (NYSE:NSC)

Norfolk Southern Corporation engaged in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company offers transportation services for agriculture, forest, and consumer products, chemicals, metals, construction materials, automotive, and coal.



Read more: IFM Investors Pty Ltd Has $11.75 Million Holdings in Norfolk Southern Co. (NYSE:NSC)