Simon Quick Advisors LLC Acquires 67 Shares of Norfolk Southern Co. (NYSE:NSC)

Simon Quick Advisors LLC raised its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,102 shares of the railroad operator’s stock after acquiring an additional 67 shares during the quarter. Simon Quick Advisors LLC’s holdings in Norfolk Southern were worth $259,000 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. Highline Wealth Partners LLC purchased a new stake in shares of Norfolk Southern in the third quarter worth $25,000. Morse Asset Management Inc bought a new position in Norfolk Southern in the 3rd quarter worth about $30,000. HWG Holdings LP purchased a new stake in shares of Norfolk Southern in the 2nd quarter valued at about $31,000. Coastline Trust Co bought a new stake in shares of Norfolk Southern during the 3rd quarter valued at about $32,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Norfolk Southern during the third quarter worth about $33,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Insider Activity at Norfolk Southern

In related news, Director Sameh Fahmy acquired 350 shares of the stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the acquisition, the director now directly owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NSC has been the subject of several research analyst reports. Stephens reiterated an “equal weight” rating and set a $263.00 target price on shares of Norfolk Southern in a research report on Wednesday, October 23rd. Benchmark upped their target price on shares of Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. UBS Group raised their price target on Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Bank of America upped their price objective on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Susquehanna decreased their price objective on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. One equities 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.com, Norfolk Southern has a consensus rating of “Moderate Buy” and an average price target of $275.68.

Norfolk Southern Stock Performance

Shares of NYSE:NSC opened at $254.91 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 1.21. The company has a market cap 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. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The company has a 50-day moving average price of $249.73 and a 200-day moving average price of $247.39.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.14. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the business posted $2.65 EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Norfolk Southern Co. will post 11.78 EPS for the current year.

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.