Norfolk Southern Co. (NYSE:NSC) Shares Acquired by Mutual Advisors LLC

Mutual Advisors LLC lifted its holdings in Norfolk Southern Co. (NYSE:NSC) by 5.4% during the fourth quarter, Holdings Channel reports. The fund owned 3,902 shares of the railroad operator’s stock after buying an additional 200 shares during the quarter. Mutual Advisors LLC’s holdings in Norfolk Southern were worth $964,000 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. Public Sector Pension Investment Board raised its stake in shares of Norfolk Southern by 25.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 18,307 shares of the railroad operator’s stock valued at $3,930,000 after buying an additional 3,676 shares during the last quarter. APG Asset Management N.V. grew its holdings in Norfolk Southern by 225.6% during the second quarter. APG Asset Management N.V. now owns 25,978 shares of the railroad operator’s stock worth $5,204,000 after acquiring an additional 18,000 shares during the period. D. E. Shaw & Co. Inc. raised its position in Norfolk Southern by 315.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 138,672 shares of the railroad operator’s stock valued at $29,771,000 after acquiring an additional 105,272 shares in the last quarter. MBB Public Markets I LLC lifted its holdings in Norfolk Southern by 1,699.7% in the second quarter. MBB Public Markets I LLC now owns 16,017 shares of the railroad operator’s stock valued at $3,439,000 after acquiring an additional 15,127 shares during the period. Finally, Ascent Group LLC boosted its position in Norfolk Southern by 8.9% in the 2nd quarter. Ascent Group LLC now owns 7,970 shares of the railroad operator’s stock worth $1,711,000 after purchasing an additional 648 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Down 0.5 %

NSC opened at $254.91 on Friday. The firm has a market capitalization of $57.67 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34. The company’s 50 day simple moving average is $249.61 and its two-hundred day simple moving average is $247.68. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-year high of $277.60. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. UBS Group upped their price objective on shares of Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI cut their price target on Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Benchmark raised their price objective on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $275.68.

Insider Activity at Norfolk Southern

In other news, Director Sameh Fahmy acquired 350 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $249.37 per share, with a total value of $87,279.50. Following the completion of the acquisition, the director now owns 10,350 shares of the company’s stock, valued at $2,580,979.50. This trade represents a 3.50 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.19% of the company’s stock.

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.