Universal Beteiligungs und Servicegesellschaft mbH Has $24.24 Million Stake in Norfolk Southern Corporation $NSC

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in Norfolk Southern Corporation (NYSE:NSCFree Report) by 10.4% in the fourth quarter, Holdings Channel reports. The firm owned 84,025 shares of the railroad operator’s stock after selling 9,787 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Norfolk Southern were worth $24,239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pentwater Capital Management LP acquired a new position in shares of Norfolk Southern during the 3rd quarter worth about $826,128,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Norfolk Southern by 545.2% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,306,203 shares of the railroad operator’s stock valued at $392,396,000 after acquiring an additional 1,103,748 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Norfolk Southern in the third quarter valued at about $329,629,000. TOMS Capital Investment Management LP bought a new stake in Norfolk Southern during the second quarter worth about $181,995,000. Finally, Farallon Capital Management LLC bought a new stake in Norfolk Southern during the third quarter worth about $184,752,000. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Trading Up 7.9%

Norfolk Southern stock opened at $321.81 on Friday. The stock has a 50-day simple moving average of $299.51 and a 200 day simple moving average of $293.60. The stock has a market capitalization of $78.79 billion, a P/E ratio of 25.24, a PEG ratio of 5.50 and a beta of 1.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.78 and a current ratio of 0.85. Norfolk Southern Corporation has a 52 week low of $217.33 and a 52 week high of $322.20.

Norfolk Southern (NYSE:NSCGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The railroad operator reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.46. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the company earned $3.04 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts expect that Norfolk Southern Corporation will post 12.14 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.7%. Norfolk Southern’s payout ratio is presently 42.35%.

More Norfolk Southern News

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Wall Street Analyst Weigh In

NSC has been the subject of a number of analyst reports. Weiss Ratings upgraded Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 12th. UBS Group cut Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 price objective on the stock. in a research note on Friday, February 6th. Susquehanna increased their price objective on Norfolk Southern from $305.00 to $330.00 and gave the company a “neutral” rating in a report on Wednesday. Wall Street Zen raised shares of Norfolk Southern to a “sell” rating in a research note on Saturday, April 4th. Finally, Robert W. Baird boosted their target price on shares of Norfolk Southern from $288.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Seven research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, Norfolk Southern currently has an average rating of “Hold” and an average target price of $310.17.

Check Out Our Latest Research Report on Norfolk Southern

Norfolk Southern Profile

(Free Report)

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.

Featured Stories

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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