Norfolk Southern Co. (NYSE:NSC) Shares Sold by SJS Investment Consulting Inc.

SJS Investment Consulting Inc. trimmed its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 38.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110 shares of the railroad operator’s stock after selling 70 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Norfolk Southern were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mizuho Securities USA LLC boosted its holdings in Norfolk Southern by 18,831.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,298,000 shares of the railroad operator’s stock valued at $819,553,000 after acquiring an additional 3,280,579 shares during the period. Pathway Financial Advisers LLC boosted 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 during the period. FMR LLC raised its position in shares of Norfolk Southern by 48.4% during the 3rd quarter. FMR LLC now owns 2,702,344 shares of the railroad operator’s stock worth $671,532,000 after acquiring an additional 881,415 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Norfolk Southern during the 3rd quarter worth about $207,830,000. Finally, Holocene Advisors LP acquired a new stake in shares of Norfolk Southern during the 3rd quarter worth about $122,798,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Norfolk Southern news, Director Sameh Fahmy acquired 350 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $249.37 per share, with a total value of $87,279.50. Following the transaction, the director now owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. This trade represents a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is currently owned by corporate insiders.

Norfolk Southern Stock Down 0.5 %

Shares of Norfolk Southern stock opened at $254.91 on Friday. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60. 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 stock has a market capitalization of $57.67 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.29 and a beta of 1.34. The business’s 50 day simple moving average is $249.61 and its 200-day simple moving average is $247.68.

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. The company 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 firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $2.65 EPS. Equities research analysts forecast that Norfolk Southern Co. will post 11.78 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on NSC shares. Jefferies Financial Group lifted their price target on Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Loop Capital lifted their price target on Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Evercore ISI decreased their target price on Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Benchmark boosted their target price on Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Stephens restated an “equal weight” rating and issued a $263.00 price objective on shares of Norfolk Southern in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.