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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,157,595 shares of the railroad operator’s stock after purchasing an additional 3,460 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Norfolk Southern were worth $364,168,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NSC. JPL Wealth Management LLC acquired a new position in shares of Norfolk Southern during the 3rd quarter worth $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Norfolk Southern in the second quarter valued at about $26,000. BNP Paribas bought a new position in Norfolk Southern in the second quarter valued at about $26,000. Meeder Asset Management Inc. bought a new position in Norfolk Southern in the second quarter valued at about $27,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in Norfolk Southern during the second quarter worth about $31,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Trading Down 0.0%

NSC opened at $348.67 on Monday. Norfolk Southern Corporation has a twelve month low of $268.23 and a twelve month high of $358.60. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average of $332.87 and a 200-day moving average of $315.08. The stock has a market cap of $78.31 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 5.23 and a beta of 1.27.

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

Norfolk Southern Announces Dividend

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

Analyst Upgrades and Downgrades

NSC has been the topic of a number of research analyst reports. Robert W. Baird raised their price target on shares of Norfolk Southern from $360.00 to $377.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped 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. BMO Capital Markets increased their price objective on shares of Norfolk Southern from $310.00 to $355.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. TD Cowen boosted their target price on shares of Norfolk Southern from $337.00 to $376.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada increased their price target on Norfolk Southern from $320.00 to $360.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Seven analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently 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.