Nisa Investment Advisors LLC Lowers Position in Norfolk Southern Co. (NYSE:NSC)

Nisa Investment Advisors LLC trimmed its position in shares of Norfolk Southern Co. (NYSE:NSC) by 0.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,504 shares of the railroad operator’s stock after selling 43 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Norfolk Southern were worth $21,241,000 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. Principal Financial Group Inc. boosted its holdings in Norfolk Southern by 3.6% during the third quarter. Principal Financial Group Inc. now owns 255,200 shares of the railroad operator’s stock worth $63,417,000 after purchasing an additional 8,844 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Norfolk Southern by 20.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,428 shares of the railroad operator’s stock worth $3,556,000 after buying an additional 2,453 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Norfolk Southern by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 533,459 shares of the railroad operator’s stock valued at $132,565,000 after acquiring an additional 3,621 shares in the last quarter. Pathway Financial Advisers LLC increased its position in shares of Norfolk Southern by 25,181.8% during the third quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock valued at $222,025,000 after acquiring an additional 889,925 shares during the last quarter. Finally, Grandview Asset Management LLC bought a new stake in Norfolk Southern during the fourth quarter worth $918,000. Institutional investors own 75.10% of the company’s stock.

Analyst Upgrades and Downgrades

NSC has been the subject of a number of research analyst reports. Loop Capital raised their price objective on shares of Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Benchmark increased 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. Bank of America boosted their target price on Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. TD Cowen increased their price target on Norfolk Southern from $253.00 to $259.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna lowered their price objective on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $275.68.

Norfolk Southern Trading Down 0.0 %

Norfolk Southern stock opened at $251.74 on Thursday. The stock has a market cap of $56.95 billion, a P/E ratio of 23.64, a PEG ratio of 2.23 and a beta of 1.34. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The firm’s fifty day moving average price is $250.25 and its 200-day moving average price is $247.30. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.14. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.65 EPS. Equities research analysts forecast that Norfolk Southern Co. will post 11.78 earnings per share for the current fiscal year.

Insider Activity at Norfolk Southern

In other news, Director Sameh Fahmy bought 350 shares of Norfolk Southern stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $249.37 per share, with a total value of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by insiders.

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.