Norfolk Southern Co. (NYSE:NSC) Stock Position Lifted by Transform Wealth LLC

Transform Wealth LLC boosted its stake in Norfolk Southern Co. (NYSE:NSC) by 18.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,080 shares of the railroad operator’s stock after buying an additional 169 shares during the quarter. Transform Wealth LLC’s holdings in Norfolk Southern were worth $253,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position 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 valued at $63,417,000 after purchasing an additional 8,844 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake 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 purchasing an additional 2,453 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Norfolk Southern by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 533,459 shares of the railroad operator’s stock valued at $132,565,000 after buying an additional 3,621 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Norfolk Southern by 25,181.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock valued at $222,025,000 after buying an additional 889,925 shares in the last quarter. Finally, Grandview Asset Management LLC acquired a new position in Norfolk Southern in the fourth quarter worth approximately $918,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insider Transactions at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy acquired 350 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the purchase, the director now owns 10,350 shares in the company, valued at $2,580,979.50. This represents a 3.50 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.19% of the stock is owned by insiders.

Norfolk Southern Stock Performance

NYSE NSC opened at $251.96 on Wednesday. The company’s fifty day moving average is $250.56 and its two-hundred day moving average is $247.04. The firm has a market capitalization of $57.00 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 2.23 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. Norfolk Southern Co. has a 52-week low of $206.71 and a 52-week high of $277.60.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the company posted $2.65 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Norfolk Southern Co. will post 11.78 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on NSC. Royal Bank of Canada boosted their target price on shares of Norfolk Southern from $272.00 to $282.00 and gave the stock an “outperform” rating in a research report 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 report on Wednesday, October 23rd. Susquehanna cut their target price on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Sanford C. Bernstein upped their price target on Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group increased their price objective on Norfolk Southern from $275.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.68.

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.