UniSuper Management Pty Ltd Has $6.09 Million Position in Norfolk Southern Corporation $NSC

UniSuper Management Pty Ltd lifted its holdings in Norfolk Southern Corporation (NYSE:NSC) by 15.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,281 shares of the railroad operator’s stock after purchasing an additional 2,678 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Norfolk Southern were worth $6,093,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Norfolk Southern in the 2nd quarter valued at $613,255,000. Holocene Advisors LP increased its holdings in Norfolk Southern by 550.6% during the 2nd quarter. Holocene Advisors LP now owns 983,366 shares of the railroad operator’s stock worth $251,712,000 after purchasing an additional 832,210 shares in the last quarter. TOMS Capital Investment Management LP acquired a new stake in shares of Norfolk Southern in the 2nd quarter valued at about $181,995,000. Assenagon Asset Management S.A. lifted its holdings in shares of Norfolk Southern by 93.1% in the third quarter. Assenagon Asset Management S.A. now owns 952,544 shares of the railroad operator’s stock valued at $286,154,000 after purchasing an additional 459,166 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in shares of Norfolk Southern by 25,497.0% in the second quarter. Laurel Wealth Advisors LLC now owns 428,750 shares of the railroad operator’s stock valued at $109,747,000 after purchasing an additional 427,075 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NSC has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered Norfolk Southern from a “buy” rating to a “hold” rating and dropped their target price for the company from $354.00 to $297.00 in a research report on Thursday, December 11th. Zacks Research lowered shares of Norfolk Southern from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Norfolk Southern in a report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $325.00 target price on shares of Norfolk Southern in a research report on Thursday, December 18th. Finally, Evercore ISI boosted their price target on shares of Norfolk Southern from $298.00 to $299.00 in a research report on Thursday, December 18th. Eight research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $303.52.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $287.31 on Monday. The company has a fifty day moving average price of $289.75 and a two-hundred day moving average price of $285.10. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. The stock has a market cap of $64.47 billion, a P/E ratio of 21.92, a P/E/G ratio of 5.03 and a beta of 1.33. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.78.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). Norfolk Southern had a net margin of 24.22% and a return on equity of 18.93%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the company posted $3.25 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities analysts predict that Norfolk Southern Corporation will post 13 EPS for the current year.

Insider Activity

In other Norfolk Southern news, Director Sameh Fahmy purchased 1,650 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was acquired at an average price of $282.97 per share, with a total value of $466,900.50. Following the acquisition, the director directly owned 12,000 shares of the company’s stock, valued at $3,395,640. This trade represents a 15.94% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William Jr. Clyburn acquired 204 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was bought at an average price of $294.79 per share, for a total transaction of $60,137.16. Following the completion of the acquisition, the director owned 405 shares of the company’s stock, valued at approximately $119,389.95. The trade was a 101.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.06% of the company’s stock.

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.