Nisa Investment Advisors LLC Sells 43 Shares of Norfolk Southern Co. (NYSE:NSC)

Nisa Investment Advisors LLC cut its holdings in Norfolk Southern Co. (NYSE:NSC) by 0.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 90,504 shares of the railroad operator’s stock after selling 43 shares during the period. Nisa Investment Advisors LLC’s holdings in Norfolk Southern were worth $21,241,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NSC. 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 grew its holdings in shares of 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 worth $222,025,000 after purchasing an additional 889,925 shares during the last quarter. FMR LLC grew its holdings in shares of Norfolk Southern by 48.4% in the third quarter. FMR LLC now owns 2,702,344 shares of the railroad operator’s stock worth $671,532,000 after purchasing an additional 881,415 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Norfolk Southern during the 3rd quarter valued at $207,830,000. Finally, Holocene Advisors LP purchased a new stake in Norfolk Southern during the 3rd quarter valued at $122,798,000. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Norfolk Southern Stock Down 0.0 %

NSC stock opened at $251.74 on Thursday. The business has a 50 day moving average of $250.25 and a 200 day moving average of $247.30. The firm has a market cap of $56.95 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.14. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $2.65 earnings per share. On average, research analysts forecast that Norfolk Southern Co. will post 11.78 EPS for the current fiscal year.

Insider Activity at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy acquired 350 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost 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 $2,580,979.50. The trade was a 3.50 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NSC has been the topic of a number of analyst reports. Benchmark boosted their price objective on shares of Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price target on Norfolk Southern from $272.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Barclays lifted their price objective on Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upped their target price on Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group boosted their price objective on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.