Universal Beteiligungs und Servicegesellschaft mbH Has $28.18 Million Holdings in Norfolk Southern Corporation $NSC

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Norfolk Southern Corporation (NYSE:NSC) by 6.9% in the third quarter, HoldingsChannel reports. The fund owned 93,812 shares of the railroad operator’s stock after selling 6,961 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Norfolk Southern were worth $28,182,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NSC. Norges Bank bought a new position in Norfolk Southern in the 2nd quarter worth approximately $613,255,000. Holocene Advisors LP increased its stake in shares of Norfolk Southern by 550.6% in the 2nd quarter. Holocene Advisors LP now owns 983,366 shares of the railroad operator’s stock valued at $251,712,000 after buying an additional 832,210 shares during the period. TOMS Capital Investment Management LP bought a new stake in shares of Norfolk Southern during the second quarter worth $181,995,000. Assenagon Asset Management S.A. raised its position in shares of Norfolk Southern by 93.1% during the third quarter. Assenagon Asset Management S.A. now owns 952,544 shares of the railroad operator’s stock worth $286,154,000 after acquiring an additional 459,166 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of Norfolk Southern by 25,497.0% during the second quarter. Laurel Wealth Advisors LLC now owns 428,750 shares of the railroad operator’s stock valued at $109,747,000 after acquiring an additional 427,075 shares during the period. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Stock Down 0.1%

Shares of NYSE NSC opened at $288.90 on Friday. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $302.24. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.78 and a current ratio of 0.86. The stock has a market cap of $64.83 billion, a P/E ratio of 22.04, a P/E/G ratio of 5.06 and a beta of 1.33. The firm has a 50 day moving average price of $289.68 and a 200 day moving average price of $284.57.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). Norfolk Southern had a return on equity of 18.93% and a net margin of 24.22%.The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the business earned $3.25 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts expect that Norfolk Southern Corporation will post 13 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut Norfolk Southern from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $354.00 to $297.00 in a report on Thursday, December 11th. Benchmark reissued a “hold” rating on shares of Norfolk Southern in a research note on Monday, October 27th. Susquehanna raised their price objective on shares of Norfolk Southern from $288.00 to $304.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Barclays lifted their target price on shares of Norfolk Southern from $320.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Finally, Wolfe Research upped their target price on shares of Norfolk Southern from $361.00 to $368.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $303.52.

Insiders Place Their Bets

In other Norfolk Southern news, Director Richard H. Anderson purchased 2,600 shares of the stock in a transaction on Monday, October 27th. The stock was bought at an average cost of $281.86 per share, for a total transaction of $732,836.00. Following the completion of the acquisition, the director directly owned 7,000 shares of the company’s stock, valued at $1,973,020. The trade was a 59.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Jr. Clyburn acquired 204 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were acquired at an average price of $294.79 per share, for a total transaction of $60,137.16. Following the acquisition, the director directly owned 405 shares in the company, valued at $119,389.95. This represents a 101.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 4,454 shares of company stock worth $1,259,874. 0.06% of the stock is owned by corporate insiders.

Norfolk Southern Profile

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.