UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 3,460 Shares of Norfolk Southern Corporation $NSC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,157,595 shares of the railroad operator’s stock after acquiring an additional 3,460 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.52% of Norfolk Southern worth $364,168,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NSC. Sovereign Financial Group Inc. increased its holdings in shares of Norfolk Southern by 3.3% in the first quarter. Sovereign Financial Group Inc. now owns 1,108 shares of the railroad operator’s stock valued at $318,000 after purchasing an additional 35 shares during the last quarter. Bar Harbor Wealth Management boosted its holdings in shares of Norfolk Southern by 0.6% during the 1st quarter. Bar Harbor Wealth Management now owns 6,290 shares of the railroad operator’s stock worth $1,805,000 after buying an additional 36 shares during the period. Apollon Financial LLC boosted its holdings in shares of Norfolk Southern by 4.3% during the 1st quarter. Apollon Financial LLC now owns 881 shares of the railroad operator’s stock worth $253,000 after buying an additional 36 shares during the period. Moss Adams Wealth Advisors LLC grew its stake in Norfolk Southern by 4.6% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 827 shares of the railroad operator’s stock valued at $237,000 after buying an additional 36 shares during the last quarter. Finally, CYBER HORNET ETFs LLC raised its holdings in Norfolk Southern by 6.0% in the 4th quarter. CYBER HORNET ETFs LLC now owns 649 shares of the railroad operator’s stock valued at $187,000 after acquiring an additional 37 shares during the period. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

Shares of NYSE:NSC opened at $348.67 on Monday. Norfolk Southern Corporation has a 12-month low of $268.23 and a 12-month high of $358.60. The company’s 50 day moving average price is $332.87 and its two-hundred day moving average price is $315.08. The firm has a market cap of $78.31 billion, a PE ratio of 29.75, a PEG ratio of 5.23 and a beta of 1.27. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.98.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.20. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the company posted $3.29 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts predict that Norfolk Southern Corporation will post 12.74 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Friday, August 7th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 7th. Norfolk Southern’s dividend payout ratio is 46.08%.

Analysts Set New Price Targets

Several brokerages have issued reports on NSC. JPMorgan Chase & Co. raised their price objective on shares of Norfolk Southern from $316.00 to $338.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Barclays upped their target price on Norfolk Southern from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. UBS Group reissued a “neutral” rating and set a $363.00 price target on shares of Norfolk Southern in a report on Friday, July 24th. Weiss Ratings raised Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. Finally, Stephens upgraded Norfolk Southern to a “hold” rating in a research report on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, Norfolk Southern has a consensus rating of “Hold” and a consensus target price of $348.00.

Norfolk Southern Company 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.