Valeo Financial Advisors LLC Has $1.85 Million Holdings in Norfolk Southern Co. (NYSE:NSC)

Valeo Financial Advisors LLC lowered its position in shares of Norfolk Southern Co. (NYSE:NSC) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,446 shares of the railroad operator’s stock after selling 212 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Norfolk Southern were worth $1,850,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cedar Wealth Management LLC acquired a new stake in shares of Norfolk Southern during the first quarter valued at approximately $27,000. 1620 Investment Advisors Inc. acquired a new position in Norfolk Southern in the 2nd quarter valued at approximately $27,000. Rise Advisors LLC acquired a new position in Norfolk Southern in the 1st quarter valued at approximately $34,000. Financial Connections Group Inc. acquired a new position in Norfolk Southern in the 2nd quarter valued at approximately $31,000. Finally, HWG Holdings LP acquired a new position in Norfolk Southern in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup assumed coverage on shares of Norfolk Southern in a research note on Wednesday. They issued a “buy” rating and a $294.00 price objective on the stock. Evercore ISI upped their price objective on shares of Norfolk Southern from $265.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Royal Bank of Canada increased their price target on shares of Norfolk Southern from $267.00 to $272.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Sanford C. Bernstein increased their price target on shares of Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, TD Cowen increased their price target on shares of Norfolk Southern from $251.00 to $253.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.17.

Norfolk Southern Price Performance

Shares of Norfolk Southern stock opened at $250.17 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.63 and a quick ratio of 0.54. Norfolk Southern Co. has a fifty-two week low of $183.09 and a fifty-two week high of $263.66. The firm has a fifty day moving average price of $246.64 and a two-hundred day moving average price of $236.77. The company has a market cap of $56.52 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.33 and a beta of 1.31.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Thursday, July 25th. The railroad operator reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.20. Norfolk Southern had a net margin of 14.85% and a return on equity of 19.64%. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the firm earned $2.95 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Analysts expect that Norfolk Southern Co. will post 11.79 EPS for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Friday, August 2nd were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Friday, August 2nd. Norfolk Southern’s dividend payout ratio (DPR) is presently 86.96%.

Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, CEO Alan H. Shaw sold 51,325 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $255.98, for a total value of $13,138,173.50. Following the completion of the sale, the chief executive officer now directly owns 35,045 shares of the company’s stock, valued at $8,970,819.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Nabanita C. Nag sold 355 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $249.38, for a total value of $88,529.90. Following the completion of the transaction, the executive vice president now owns 1,488 shares in the company, valued at approximately $371,077.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Alan H. Shaw sold 51,325 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the completion of the transaction, the chief executive officer now owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Norfolk Southern Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.