Dynamic Advisor Solutions LLC Cuts Holdings in Norfolk Southern Co. (NYSE:NSC)

Dynamic Advisor Solutions LLC cut its holdings in Norfolk Southern Co. (NYSE:NSC) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,506 shares of the railroad operator’s stock after selling 181 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Norfolk Southern were worth $823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of Norfolk Southern by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 255,200 shares of the railroad operator’s stock worth $63,417,000 after purchasing an additional 8,844 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Norfolk Southern by 20.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,428 shares of the railroad operator’s stock worth $3,556,000 after buying an additional 2,453 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Norfolk Southern by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 533,459 shares of the railroad operator’s stock worth $132,565,000 after buying an additional 3,621 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in Norfolk Southern by 25,181.8% in the third 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 purchased a new position in Norfolk Southern in the fourth quarter valued at about $918,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NSC has been the topic of a number of research reports. Bank of America upped their price target on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Susquehanna lowered 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. Wells Fargo & Company cut their price target on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group increased their price objective on shares of Norfolk Southern from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Benchmark upped their price target on shares of Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Norfolk Southern presently has a consensus rating of “Moderate Buy” and an average target price of $275.68.

Insider Activity

In related news, Director Sameh Fahmy bought 350 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost 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 in the company, valued at $2,580,979.50. This trade represents a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Norfolk Southern Stock Performance

NYSE NSC opened at $254.91 on Monday. The business’s 50-day moving average price is $249.61 and its 200 day moving average price is $247.91. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 1.21. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60. The company has a market capitalization of $57.67 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34.

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.