Compass Ion Advisors LLC Takes $447,000 Position in Norfolk Southern Corp. (NYSE:NSC)

Compass Ion Advisors LLC bought a new stake in shares of Norfolk Southern Corp. (NYSE:NSC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,304 shares of the railroad operator’s stock, valued at approximately $447,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group lifted its position in Norfolk Southern by 1.8% during the 2nd quarter. Schroder Investment Management Group now owns 472,129 shares of the railroad operator’s stock valued at $94,109,000 after acquiring an additional 8,270 shares during the period. A.R.T. Advisors LLC purchased a new position in Norfolk Southern during the 2nd quarter valued at about $829,000. Invesco Ltd. lifted its position in Norfolk Southern by 1.2% during the 2nd quarter. Invesco Ltd. now owns 816,022 shares of the railroad operator’s stock valued at $162,658,000 after acquiring an additional 9,565 shares during the period. First Foundation Advisors purchased a new position in Norfolk Southern during the 2nd quarter valued at about $206,000. Finally, PointState Capital LP lifted its position in Norfolk Southern by 8.1% during the 2nd quarter. PointState Capital LP now owns 397,226 shares of the railroad operator’s stock valued at $79,179,000 after acquiring an additional 29,926 shares during the period. 71.54% of the stock is currently owned by hedge funds and other institutional investors.

Norfolk Southern stock traded up $1.59 during trading hours on Friday, hitting $207.84. The stock had a trading volume of 14,960 shares, compared to its average volume of 1,586,258. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $52.59 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 1.85 and a beta of 1.36. Norfolk Southern Corp. has a 12-month low of $160.19 and a 12-month high of $211.46. The stock’s 50-day moving average price is $194.10 and its 200-day moving average price is $187.16.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Wednesday, October 23rd. The railroad operator reported $2.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.08). The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Norfolk Southern had a return on equity of 18.22% and a net margin of 23.98%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm posted $2.52 earnings per share. On average, research analysts expect that Norfolk Southern Corp. will post 10.15 EPS for the current fiscal year.

A number of brokerages recently issued reports on NSC. Barclays lowered their price target on shares of Norfolk Southern from $200.00 to $195.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. TD Securities cut shares of Norfolk Southern from a “buy” rating to a “hold” rating and lowered their price target for the company from $205.00 to $200.00 in a research report on Thursday, December 19th. Bank of America cut shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $198.00 price target for the company. in a research report on Wednesday, October 23rd. Cowen reissued a “buy” rating and set a $215.00 price target on shares of Norfolk Southern in a research report on Wednesday, October 23rd. Finally, Zacks Investment Research raised shares of Norfolk Southern from a “sell” rating to a “hold” rating and set a $162.00 price target for the company in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $202.59.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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