The Norfolk Souther Corporation (NSC) Stake Raised by Univest Corp of Pennsylvania

The Norfolk Souther Corporation (NSC) Stake Raised by Univest Corp of Pennsylvania

Univest Corp of Pennsylvania boosted its stake in Norfolk Souther Corporation (NYSE:NSC) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 4,161 shares of the railroad operator’s stock after buying an additional 110 shares during the period. Univest Corp of Pennsylvania’s holdings in Norfolk Souther Corporation were worth $404,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. boosted its stake in Norfolk Souther Corporation by 13.2% in the second quarter. Candriam Luxembourg S.C.A. now owns 13,696 shares of the railroad operator’s stock valued at $1,166,000 after buying an additional 1,601 shares during the period. Artemis Investment Management LLP boosted its stake in Norfolk Souther Corporation by 198.1% in the second quarter. Artemis Investment Management LLP now owns 338,091 shares of the railroad operator’s stock valued at $28,780,000 after buying an additional 224,693 shares during the period. Diversified Trust Co boosted its stake in Norfolk Souther Corporation by 32.2% in the second quarter. Diversified Trust Co now owns 31,855 shares of the railroad operator’s stock valued at $2,712,000 after buying an additional 7,750 shares during the period. British Airways Pensions Investment Management Ltd purchased a new stake in Norfolk Souther Corporation during the second quarter valued at $27,348,000. Finally, Pitcairn Co. boosted its stake in Norfolk Souther Corporation by 0.9% in the second quarter. Pitcairn Co. now owns 2,527 shares of the railroad operator’s stock valued at $215,000 after buying an additional 23 shares during the period. Institutional investors own 67.84% of the company’s stock.

Shares of Norfolk Souther Corporation (NYSE:NSC) traded up 0.98% during midday trading on Wednesday, reaching $109.97. 2,589,626 shares of the company’s stock traded hands. Norfolk Souther Corporation has a one year low of $64.51 and a one year high of $112.99. The firm has a market capitalization of $32.10 billion, a PE ratio of 20.36 and a beta of 1.19. The stock’s 50-day moving average price is $108.77 and its 200 day moving average price is $97.08.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings results on Wednesday, October 26th. The railroad operator reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.25 billion. Norfolk Souther Corporation had a return on equity of 13.15% and a net margin of 16.27%. Norfolk Souther Corporation’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 EPS. On average, equities research analysts expect that Norfolk Souther Corporation will post $5.59 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. Seaport Global Securities cut shares of Norfolk Souther Corporation from a “buy” rating to a “neutral” rating and raised their price target for the stock from $101.00 to $106.00 in a report on Monday, January 9th. They noted that the move was a valuation call. CLSA cut shares of Norfolk Souther Corporation from an “outperform” rating to an “underperform” rating in a report on Tuesday, January 10th. Buckingham Research assumed coverage on shares of Norfolk Souther Corporation in a report on Wednesday. They issued a “neutral” rating and a $104.00 price target for the company. Vertical Group upgraded shares of Norfolk Souther Corporation from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Finally, Vertical Research upgraded shares of Norfolk Souther Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 10th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $93.66.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 469 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $103.77, for a total value of $48,668.13. Following the sale, the vice president now owns 7,041 shares of the company’s stock, valued at approximately $730,644.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas E. Hurlbut sold 2,170 shares of the stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $91.21, for a total value of $197,925.70. Following the completion of the sale, the vice president now directly owns 8,560 shares in the company, valued at approximately $780,757.60. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Norfolk Souther Corporation Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. The Company operates approximately 20,000 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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