Mutual Advisors LLC Purchases 200 Shares of Norfolk Southern Co. (NYSE:NSC)

Mutual Advisors LLC boosted its position in Norfolk Southern Co. (NYSE:NSC) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,902 shares of the railroad operator’s stock after purchasing an additional 200 shares during the period. Mutual Advisors LLC’s holdings in Norfolk Southern were worth $964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Public Sector Pension Investment Board grew its position in Norfolk Southern by 25.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 18,307 shares of the railroad operator’s stock valued at $3,930,000 after acquiring an additional 3,676 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Norfolk Southern by 225.6% in the second quarter. APG Asset Management N.V. now owns 25,978 shares of the railroad operator’s stock worth $5,204,000 after purchasing an additional 18,000 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Norfolk Southern by 315.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 138,672 shares of the railroad operator’s stock worth $29,771,000 after purchasing an additional 105,272 shares during the last quarter. MBB Public Markets I LLC lifted its holdings in Norfolk Southern by 1,699.7% during the 2nd quarter. MBB Public Markets I LLC now owns 16,017 shares of the railroad operator’s stock valued at $3,439,000 after buying an additional 15,127 shares in the last quarter. Finally, Ascent Group LLC boosted its position in Norfolk Southern by 8.9% in the 2nd quarter. Ascent Group LLC now owns 7,970 shares of the railroad operator’s stock valued at $1,711,000 after buying an additional 648 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

Shares of Norfolk Southern stock opened at $254.91 on Friday. The firm has a market capitalization of $57.67 billion, a P/E ratio of 23.93, a PEG ratio of 2.29 and a beta of 1.34. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The company has a 50 day moving average price of $249.61 and a 200 day moving average price of $247.68.

Analysts Set New Price Targets

Several analysts have recently weighed in on NSC shares. UBS Group lifted their price target on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their price target on Norfolk Southern from $241.00 to $245.00 and gave the stock a “hold” rating in a research report on Friday, October 11th. Susquehanna decreased their price objective on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Evercore ISI dropped their target price on shares of Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Norfolk Southern has a consensus rating of “Moderate Buy” and a consensus price target of $275.68.

Insiders Place Their Bets

In other news, Director Sameh Fahmy bought 350 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $249.37 per share, with a total value of $87,279.50. Following the transaction, the director now directly owns 10,350 shares in the company, valued at approximately $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

About Norfolk Southern

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.