Unigestion Holding SA Makes New $233,000 Investment in Norfolk Southern Corp. (NYSE:NSC)

Unigestion Holding SA bought a new position in Norfolk Southern Corp. (NYSE:NSC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,297 shares of the railroad operator’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rational Advisors LLC boosted its holdings in shares of Norfolk Southern by 755.2% during the second quarter. Rational Advisors LLC now owns 821 shares of the railroad operator’s stock worth $164,000 after purchasing an additional 725 shares during the period. Hayden Royal LLC boosted its holdings in shares of Norfolk Southern by 16.3% during the second quarter. Hayden Royal LLC now owns 1,297 shares of the railroad operator’s stock worth $261,000 after purchasing an additional 182 shares during the period. Coastal Investment Advisors Inc. boosted its holdings in shares of Norfolk Southern by 139.6% during the second quarter. Coastal Investment Advisors Inc. now owns 841 shares of the railroad operator’s stock worth $166,000 after purchasing an additional 490 shares during the period. FTB Advisors Inc. boosted its holdings in shares of Norfolk Southern by 12.4% during the second quarter. FTB Advisors Inc. now owns 6,164 shares of the railroad operator’s stock worth $1,227,000 after purchasing an additional 679 shares during the period. Finally, LLBH Private Wealth Management LLC acquired a new stake in shares of Norfolk Southern during the second quarter worth approximately $211,000. Institutional investors own 72.95% of the company’s stock.

Several analysts recently commented on NSC shares. Barclays decreased their price target on shares of Norfolk Southern from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Bank of America cut shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $198.00 price target for the company. in a report on Wednesday, October 23rd. Credit Suisse Group lifted their target price on shares of Norfolk Southern from $198.00 to $199.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. ValuEngine upgraded shares of Norfolk Southern from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Co initiated coverage on shares of Norfolk Southern in a research note on Monday, October 28th. They issued a “market perform” rating and a $216.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $204.29.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

NYSE NSC traded down $0.14 during trading on Friday, reaching $195.44. The company’s stock had a trading volume of 888,465 shares, compared to its average volume of 1,670,462. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $50.53 billion, a PE ratio of 20.55, a PEG ratio of 1.94 and a beta of 1.37. The business has a 50-day moving average price of $181.90 and a 200-day moving average price of $189.20. Norfolk Southern Corp. has a 1-year low of $138.65 and a 1-year high of $211.46.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Wednesday, October 23rd. The railroad operator reported $2.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.57 by ($0.08). Norfolk Southern had a net margin of 23.98% and a return on equity of 18.22%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter last year, the firm earned $2.52 earnings per share. Norfolk Southern’s revenue was down 3.6% compared to the same quarter last year. As a group, analysts expect that Norfolk Southern Corp. will post 10.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 1st will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Thursday, October 31st. Norfolk Southern’s dividend payout ratio is 39.54%.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

Featured Article: Special Dividends

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

Leave a Reply

Your email address will not be published. Required fields are marked *

*