Janney Capital Management LLC Trims Holdings in Norfolk Southern Co. (NYSE:NSC)

Janney Capital Management LLC reduced its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,235 shares of the railroad operator’s stock after selling 59 shares during the period. Janney Capital Management LLC’s holdings in Norfolk Southern were worth $290,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Lake Street Advisors Group LLC grew its holdings in shares of Norfolk Southern by 1.8% in 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 position 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 valued at $435,000 after buying an additional 41 shares during the period. Foster Victor Wealth Advisors LLC grew its stake 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 worth $256,000 after acquiring an additional 42 shares in the last quarter. Stratos Investment Management LLC increased its position in shares of Norfolk Southern by 3.8% during the third quarter. Stratos Investment Management LLC now owns 1,154 shares of the railroad operator’s stock worth $287,000 after acquiring an additional 42 shares during the period. Finally, Archer Investment Corp raised its stake in shares of Norfolk Southern by 2.3% during the third quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock valued at $481,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sameh Fahmy purchased 350 shares of the stock in a transaction on Thursday, December 12th. The stock was bought 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 in the company, valued at $2,580,979.50. The trade was a 3.50 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NSC shares. Wells Fargo & Company dropped their price objective on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. TD Cowen raised their price target on Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Barclays raised their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada upped their price target 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $275.68.

Norfolk Southern Trading Down 0.0 %

Shares of NYSE:NSC opened at $251.74 on Thursday. The business’s 50-day moving average is $250.25 and its 200 day moving average is $247.30. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60. The firm has a market capitalization of $56.95 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.29 and a beta of 1.34.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data 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 firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.65 earnings per share. On average, research analysts predict that Norfolk Southern Co. will post 11.78 earnings per share for the current fiscal year.

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.