Norfolk Southern Co. (NYSE:NSC) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Norfolk Southern Co. (NYSE:NSC - Free Report) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,023,725 shares of the railroad operator's stock after acquiring an additional 66,965 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.45% of Norfolk Southern worth $254,396,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in shares of Norfolk Southern in the 3rd quarter valued at $25,000. 1620 Investment Advisors Inc. bought a new position in shares of Norfolk Southern in the 2nd quarter worth about $27,000. Financial Connections Group Inc. bought a new stake in Norfolk Southern in the second quarter worth approximately $31,000. HWG Holdings LP acquired a new position in Norfolk Southern in the second quarter valued at approximately $31,000. Finally, Coastline Trust Co acquired a new stake in Norfolk Southern in the third quarter worth $32,000. Institutional investors own 75.10% of the company's stock.

Insider Buying and Selling at Norfolk Southern

In other news, CEO Alan H. Shaw sold 51,325 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the sale, the chief executive officer now owns 35,045 shares of the company's stock, valued at approximately $8,970,819.10. This represents a 59.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameh Fahmy purchased 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $255.00 per share, with a total value of $255,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $2,550,000. This represents a 11.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by insiders.

Norfolk Southern Stock Up 0.2 %

Shares of NYSE NSC traded up $0.47 during mid-day trading on Friday, reaching $275.85. 655,636 shares of the company were exchanged, compared to its average volume of 1,248,089. The stock has a market cap of $62.41 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.61 and a beta of 1.30. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average of $256.63 and a 200 day moving average of $241.42. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping the consensus estimate of $3.11 by $0.14. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.65 earnings per share. On average, research analysts expect that Norfolk Southern Co. will post 11.82 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 1st were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, November 1st. Norfolk Southern's payout ratio is 50.70%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NSC shares. Stephens restated an "equal weight" rating and issued a $263.00 target price on shares of Norfolk Southern in a report on Wednesday, October 23rd. Evercore ISI reduced their price target on shares of Norfolk Southern from $276.00 to $274.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their price target on Norfolk Southern from $241.00 to $245.00 and gave the stock a "hold" rating in a research note on Friday, October 11th. Sanford C. Bernstein lifted their price objective on shares of Norfolk Southern from $285.00 to $286.00 and gave the company an "outperform" rating in a research note on Wednesday, October 9th. Finally, Loop Capital increased their price objective on Norfolk Southern from $285.00 to $287.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Norfolk Southern presently has an average rating of "Moderate Buy" and a consensus target price of $275.68.

Norfolk Southern Company 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.