Norfolk Southern Co. (NYSE:NSC) Shares Sold by Clarius Group LLC

Clarius Group LLC decreased its position in shares of Norfolk Southern Co. (NYSE:NSC) by 5.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,735 shares of the railroad operator’s stock after selling 105 shares during the period. Clarius Group LLC’s holdings in Norfolk Southern were worth $407,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NSC. Lake Street Advisors Group LLC boosted its holdings in shares of Norfolk Southern by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 2,265 shares of the railroad operator’s stock worth $563,000 after purchasing an additional 41 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in Norfolk Southern by 2.4% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock worth $435,000 after buying an additional 41 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in Norfolk Southern by 4.2% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 1,043 shares of the railroad operator’s stock valued at $256,000 after buying an additional 42 shares during the period. Stratos Investment Management LLC increased its stake in shares of Norfolk Southern by 3.8% during the 3rd quarter. Stratos Investment Management LLC now owns 1,154 shares of the railroad operator’s stock valued at $287,000 after acquiring an additional 42 shares during the last quarter. Finally, Archer Investment Corp lifted its holdings in shares of Norfolk Southern by 2.3% during the 3rd quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock worth $481,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Down 0.7 %

Shares of NYSE NSC opened at $245.39 on Monday. The firm has a market cap of $55.52 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.11 and a beta of 1.34. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. The stock’s 50-day simple moving average is $251.08 and its 200-day simple moving average is $246.63.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.14. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the company posted $2.65 EPS. Norfolk Southern’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Norfolk Southern Co. will post 11.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sameh Fahmy purchased 350 shares of the stock in a transaction dated 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 acquisition, the director now owns 10,350 shares of the company’s stock, valued at $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NSC shares. Stifel Nicolaus boosted their target price on shares of Norfolk Southern from $241.00 to $245.00 and gave the company a “hold” rating in a report on Friday, October 11th. Loop Capital upped their price objective on Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Evercore ISI reduced their target price on Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Benchmark upped their price target on Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Citigroup lifted their price objective on Norfolk Southern from $302.00 to $316.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. 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, the company has an average rating of “Moderate Buy” and an average 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.