Fieldpoint Private Securities LLC maintained its stake in Norfolk Souther Corporation (NYSE:NSC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,421 shares of the railroad operator’s stock at the close of the second quarter. Fieldpoint Private Securities LLC’s holdings in Norfolk Souther Corporation were worth $781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. D Orazio & Associates Inc. raised its holdings in shares of Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after buying an additional 4 shares during the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Norfolk Souther Corporation by 12,069.6% in the second quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock valued at $102,000 after buying an additional 12,311 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Norfolk Souther Corporation by 20.7% in the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock valued at $106,000 after buying an additional 150 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock valued at $114,000 after buying an additional 220 shares during the last quarter. Finally, Harfst & Associates Inc. raised its holdings in shares of Norfolk Souther Corporation by 58.8% in the second quarter. Harfst & Associates Inc. now owns 945 shares of the railroad operator’s stock valued at $115,000 after buying an additional 350 shares during the last quarter. 70.45% of the stock is owned by institutional investors.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total value of $35,640.00. Following the completion of the sale, the vice president now owns 4,000 shares of the company’s stock, valued at $475,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman James A. Squires sold 24,407 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total value of $2,927,619.65. Following the completion of the sale, the chairman now directly owns 76,481 shares of the company’s stock, valued at approximately $9,173,895.95. The disclosure for this sale can be found here. Insiders sold 27,077 shares of company stock valued at $3,244,531 in the last three months. Insiders own 0.36% of the company’s stock.

NSC has been the subject of a number of research analyst reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $143.00 price target (up from $133.00) on shares of Norfolk Souther Corporation in a report on Thursday. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed a “sell” rating and issued a $117.00 price target on shares of Norfolk Souther Corporation in a report on Tuesday, August 29th. ValuEngine raised Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG cut Norfolk Souther Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $132.00 to $104.00 in a report on Monday, July 31st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $124.00 price objective (up from $122.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $118.38.

Norfolk Souther Corporation (NYSE:NSC) opened at 131.65 on Monday. The firm has a market cap of $37.94 billion, a P/E ratio of 21.39 and a beta of 1.38. Norfolk Souther Corporation has a 52-week low of $89.95 and a 52-week high of $134.52. The firm’s 50-day moving average price is $127.81 and its 200-day moving average price is $120.30.

Norfolk Souther Corporation (NYSE:NSC) last announced its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts expect that Norfolk Souther Corporation will post $6.36 EPS for the current year.

Norfolk Souther Corporation announced that its Board of Directors has approved a share buyback plan on Tuesday, September 26th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the railroad operator to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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About Norfolk Souther Corporation

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

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