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

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in Norfolk Southern Corporation (NYSE:NSC) by 6.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,812 shares of the railroad operator’s stock after selling 6,961 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Norfolk Southern were worth $28,182,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NSC. Norges Bank bought a new position in Norfolk Southern during the second quarter worth $613,255,000. Holocene Advisors LP boosted its holdings in 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 purchasing an additional 832,210 shares during the period. TOMS Capital Investment Management LP acquired a new stake in Norfolk Southern in the 2nd quarter worth $181,995,000. Assenagon Asset Management S.A. increased its holdings in shares of Norfolk Southern by 93.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 952,544 shares of the railroad operator’s stock worth $286,154,000 after purchasing an additional 459,166 shares during the period. Finally, Laurel Wealth Advisors LLC raised its position 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 buying an additional 427,075 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Stock Down 0.1%

NSC opened at $288.90 on Friday. The firm has a market cap of $64.83 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 5.06 and a beta of 1.33. 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 firm’s 50-day simple moving average is $289.68 and its 200-day simple moving average is $284.57. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $302.24.

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

Insider Activity

In other Norfolk Southern news, EVP Anil Bhatt sold 900 shares of Norfolk Southern stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $281.60, for a total value of $253,440.00. Following the completion of the transaction, the executive vice president owned 1,413 shares in the company, valued at approximately $397,900.80. The trade was a 38.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard H. Anderson acquired 2,600 shares of Norfolk Southern stock in a transaction on Monday, October 27th. The stock was acquired at an average cost of $281.86 per share, for a total transaction of $732,836.00. Following the purchase, the director owned 7,000 shares of the company’s stock, valued at approximately $1,973,020. This represents a 59.09% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 4,454 shares of company stock worth $1,259,874. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NSC. JPMorgan Chase & Co. decreased their target price on Norfolk Southern from $303.00 to $301.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Weiss Ratings downgraded Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Zacks Research lowered Norfolk Southern from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Evercore ISI upped their target price on Norfolk Southern from $298.00 to $299.00 in a research note on Thursday, December 18th. Finally, Barclays raised their target price on Norfolk Southern from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Norfolk Southern has a consensus rating of “Hold” and a consensus target price of $303.52.

About Norfolk Southern

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.