CX Institutional Grows Position in Norfolk Southern Co. (NYSE:NSC)

CX Institutional raised its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,572 shares of the railroad operator’s stock after purchasing an additional 253 shares during the quarter. CX Institutional’s holdings in Norfolk Southern were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NSC. Public Sector Pension Investment Board lifted its holdings in Norfolk Southern by 25.1% during the second quarter. Public Sector Pension Investment Board now owns 18,307 shares of the railroad operator’s stock valued at $3,930,000 after purchasing an additional 3,676 shares during the last quarter. APG Asset Management N.V. lifted its holdings in Norfolk Southern by 225.6% during the second quarter. APG Asset Management N.V. now owns 25,978 shares of the railroad operator’s stock valued at $5,204,000 after purchasing an additional 18,000 shares during the last quarter. D. E. Shaw & Co. Inc. lifted 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 buying an additional 105,272 shares in the last quarter. MBB Public Markets I LLC lifted its holdings in shares of Norfolk Southern by 1,699.7% in the second quarter. MBB Public Markets I LLC now owns 16,017 shares of the railroad operator’s stock worth $3,439,000 after buying an additional 15,127 shares in the last quarter. Finally, Ascent Group LLC lifted its holdings in shares of Norfolk Southern by 8.9% in the second quarter. Ascent Group LLC now owns 7,970 shares of the railroad operator’s stock worth $1,711,000 after buying an additional 648 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Stock Down 0.5 %

Shares of NYSE NSC opened at $254.91 on Friday. Norfolk Southern Co. has a one year low of $206.71 and a one year high of $277.60. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. The firm’s 50 day simple moving average is $249.61 and its two-hundred day simple moving average is $247.68. The stock 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.

Insider Transactions at Norfolk Southern

In other news, Director Sameh Fahmy bought 350 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NSC shares. Jefferies Financial Group increased their price target on shares of Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Stephens reissued an “equal weight” rating and issued a $263.00 price target on shares of Norfolk Southern in a report on Wednesday, October 23rd. Loop Capital increased their price target on shares of Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein increased their price target on shares of Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada upped their price objective 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $275.68.

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.