Lindbrook Capital LLC Sells 107 Shares of Norfolk Southern Co. (NYSE:NSC)

Lindbrook Capital LLC decreased its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 3.3% during the third quarter, HoldingsChannel reports. The fund owned 3,162 shares of the railroad operator’s stock after selling 107 shares during the quarter. Lindbrook Capital LLC’s holdings in Norfolk Southern were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NSC. Assetmark Inc. lifted its holdings in Norfolk Southern by 3.3% during the 3rd quarter. Assetmark Inc. now owns 2,921 shares of the railroad operator’s stock worth $726,000 after purchasing an additional 94 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Norfolk Southern by 1.8% in the third quarter. Verdence Capital Advisors LLC now owns 35,714 shares of the railroad operator’s stock worth $8,875,000 after buying an additional 640 shares in the last quarter. United Bank boosted its position in shares of Norfolk Southern by 2.4% in the third quarter. United Bank now owns 8,875 shares of the railroad operator’s stock valued at $2,205,000 after acquiring an additional 204 shares during the period. CWA Asset Management Group LLC purchased a new position in Norfolk Southern during the third quarter valued at approximately $310,000. Finally, AEGON ASSET MANAGEMENT UK Plc increased its holdings in Norfolk Southern by 0.9% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 76,225 shares of the railroad operator’s stock worth $18,938,000 after acquiring an additional 701 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Insider Transactions at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy purchased 1,000 shares of Norfolk Southern stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average price of $255.00 per share, for a total transaction of $255,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $2,550,000. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Norfolk Southern news, CEO Alan H. Shaw sold 51,325 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the transaction, the chief executive officer now directly owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameh Fahmy acquired 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was bought at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $2,550,000. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by company insiders.

Norfolk Southern Trading Up 0.4 %

Shares of NSC stock opened at $271.67 on Friday. The business has a 50-day moving average of $251.77 and a 200 day moving average of $237.87. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. Norfolk Southern Co. has a 1-year low of $193.15 and a 1-year high of $277.60. The stock has a market capitalization of $61.46 billion, a PE ratio of 25.51, a P/E/G ratio of 2.63 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.14. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the business earned $2.65 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Norfolk Southern Co. will post 11.81 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, November 1st will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, November 1st. Norfolk Southern’s dividend payout ratio (DPR) is 50.70%.

Wall Street Analyst Weigh In

NSC has been the subject of a number of recent analyst reports. Susquehanna boosted their price target on shares of Norfolk Southern from $280.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus upped their target price on Norfolk Southern from $241.00 to $245.00 and gave the stock a “hold” rating in a research note on Friday, October 11th. TD Cowen lifted their price target on Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Citigroup upped their price objective on shares of Norfolk Southern from $294.00 to $302.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Norfolk Southern from $270.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $274.16.

About Norfolk Southern

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.