OneDigital Investment Advisors LLC Acquires 3,724 Shares of Norfolk Southern Corporation $NSC

OneDigital Investment Advisors LLC grew its holdings in Norfolk Southern Corporation (NYSE:NSC) by 57.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,207 shares of the railroad operator’s stock after purchasing an additional 3,724 shares during the period. OneDigital Investment Advisors LLC’s holdings in Norfolk Southern were worth $3,066,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NSC. ORG Partners LLC increased its stake in Norfolk Southern by 75.0% in the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after buying an additional 36 shares during the period. Westside Investment Management Inc. grew its stake in Norfolk Southern by 207.1% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock worth $26,000 after acquiring an additional 58 shares in the last quarter. BNP Paribas purchased a new position in shares of Norfolk Southern during the second quarter worth approximately $26,000. True Wealth Design LLC increased its position in shares of Norfolk Southern by 423.8% during the second quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 89 shares during the period. Finally, MMA Asset Management LLC bought a new stake in shares of Norfolk Southern during the third quarter valued at approximately $28,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director William Jr. Clyburn purchased 204 shares of the business’s stock in a transaction on Friday, December 5th. The shares were acquired at an average cost of $294.79 per share, with a total value of $60,137.16. Following the completion of the acquisition, the director owned 405 shares of the company’s stock, valued at $119,389.95. This trade represents a 101.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is currently owned by company insiders.

Norfolk Southern Price Performance

Shares of NSC stock opened at $314.56 on Tuesday. The stock’s 50-day moving average is $296.30 and its 200 day moving average is $289.60. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $319.94. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.78. The company has a market cap of $70.64 billion, a P/E ratio of 24.67, a PEG ratio of 5.62 and a beta of 1.34.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Thursday, January 29th. The railroad operator reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.46. Norfolk Southern had a net margin of 23.59% and a return on equity of 18.78%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the company posted $3.04 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. Research analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $5.40 dividend on an annualized basis and a yield of 1.7%. Norfolk Southern’s dividend payout ratio is presently 42.35%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank Of Canada reduced their price objective on Norfolk Southern from $325.00 to $320.00 and set a “sector perform” rating on the stock in a report on Friday, January 30th. Barclays cut their price target on Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Zacks Research downgraded Norfolk Southern from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Sanford C. Bernstein lowered their price objective on shares of Norfolk Southern from $347.00 to $333.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating and cut their target price for the company from $354.00 to $297.00 in a research report on Thursday, December 11th. Seven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $304.47.

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.