Norfolk Southern Corporation $NSC Shares Bought by Whittier Trust Co.

Whittier Trust Co. raised its position in Norfolk Southern Corporation (NYSE:NSC) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 198,628 shares of the railroad operator’s stock after acquiring an additional 6,037 shares during the period. Norfolk Southern makes up 0.7% of Whittier Trust Co.’s investment portfolio, making the stock its 29th largest holding. Whittier Trust Co.’s holdings in Norfolk Southern were worth $59,618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Partners LLC lifted its position in Norfolk Southern by 75.0% in the third quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 36 shares during the period. BNP Paribas purchased a new position in shares of Norfolk Southern during the 2nd quarter worth approximately $26,000. True Wealth Design LLC lifted its holdings in shares of Norfolk Southern by 423.8% in the 2nd quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock valued at $28,000 after buying an additional 89 shares during the period. Highline Wealth Partners LLC lifted its holdings in shares of Norfolk Southern by 68.9% in the 3rd quarter. Highline Wealth Partners LLC now owns 103 shares of the railroad operator’s stock valued at $31,000 after buying an additional 42 shares during the period. Finally, NewSquare Capital LLC boosted its stake in shares of Norfolk Southern by 58.5% in the second quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $33,000 after buying an additional 48 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSC has been the subject of several research analyst reports. Evercore ISI increased their price objective on Norfolk Southern from $298.00 to $299.00 in a research report on Thursday, December 18th. Benchmark reiterated a “hold” rating on shares of Norfolk Southern in a report on Monday, October 27th. Barclays raised their price objective on shares of Norfolk Southern from $320.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Robert W. Baird set a $293.00 target price on shares of Norfolk Southern in a research report on Friday, December 5th. Finally, TD Cowen reduced their price target on shares of Norfolk Southern from $320.00 to $314.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Eight research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Norfolk Southern currently has an average rating of “Hold” and an average target price of $303.52.

Norfolk Southern Stock Performance

Shares of NSC opened at $287.31 on Friday. The company has a 50-day moving average of $289.75 and a two-hundred day moving average of $284.93. The stock has a market cap of $64.47 billion, a P/E ratio of 21.92, a PEG ratio of 5.03 and a beta of 1.33. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $302.24. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.09.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). Norfolk Southern had a return on equity of 18.93% and a net margin of 24.22%.The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period last year, the business earned $3.25 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts predict that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard H. Anderson bought 2,600 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was purchased at an average price of $281.86 per share, with a total value of $732,836.00. Following the purchase, the director owned 7,000 shares of the company’s stock, valued at $1,973,020. This trade represents a 59.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William Jr. Clyburn purchased 204 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were purchased at an average cost of $294.79 per share, for a total transaction of $60,137.16. Following the completion of the purchase, the director directly owned 405 shares in the company, valued at $119,389.95. The trade was a 101.49% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 4,454 shares of company stock valued at $1,259,874. 0.06% of the stock is owned by insiders.

Norfolk Southern Company Profile

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.