Blue Trust Inc. Boosts Holdings in Norfolk Southern Co. (NYSE:NSC)

Blue Trust Inc. grew its position in Norfolk Southern Co. (NYSE:NSC) by 7.1% during the 4th quarter, HoldingsChannel reports. The fund owned 9,226 shares of the railroad operator’s stock after purchasing an additional 609 shares during the period. Blue Trust Inc.’s holdings in Norfolk Southern were worth $2,293,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NSC. Highline Wealth Partners LLC purchased a new stake in Norfolk Southern in the 3rd quarter worth about $25,000. Morse Asset Management Inc bought a new position in shares of Norfolk Southern during the third quarter valued at approximately $30,000. Coastline Trust Co purchased a new stake in shares of Norfolk Southern in the third quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new stake in shares of Norfolk Southern during the 3rd quarter worth approximately $33,000. Finally, HWG Holdings LP purchased a new position in Norfolk Southern during the 2nd quarter valued at $31,000. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

Shares of Norfolk Southern stock opened at $259.70 on Tuesday. Norfolk Southern Co. has a one year low of $206.71 and a one year high of $277.60. The company has a market capitalization of $58.76 billion, a PE ratio of 24.39, a P/E/G ratio of 2.29 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. The company has a 50-day simple moving average of $249.61 and a two-hundred day simple moving average of $248.15.

Wall Street Analysts Forecast Growth

NSC has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on Norfolk Southern from $241.00 to $245.00 and gave the stock a “hold” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on shares of Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Citigroup raised their target price on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Loop Capital boosted their price target on Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced their price objective on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $275.68.

Insider Transactions at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy bought 350 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the purchase, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

Norfolk Southern 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.