Somerset Trust Co lifted its holdings in shares of Norfolk Southern Corp. (NYSE:NSC) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,222 shares of the railroad operator’s stock after acquiring an additional 338 shares during the quarter. Somerset Trust Co’s holdings in Norfolk Southern were worth $2,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Krilogy Financial LLC boosted its stake in shares of Norfolk Southern by 2.6% during the 2nd quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock worth $104,000 after acquiring an additional 22 shares during the period. Sawyer & Company Inc bought a new position in shares of Norfolk Southern during the 4th quarter worth approximately $104,000. AlphaMark Advisors LLC boosted its stake in shares of Norfolk Southern by 20.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock worth $106,000 after acquiring an additional 150 shares during the period. Harfst & Associates Inc. boosted its stake in shares of Norfolk Southern by 58.8% during the 2nd quarter. Harfst & Associates Inc. now owns 945 shares of the railroad operator’s stock worth $115,000 after acquiring an additional 350 shares during the period. Finally, Live Your Vision LLC boosted its stake in Norfolk Southern by 25.6% in the 2nd quarter. Live Your Vision LLC now owns 1,130 shares of the railroad operator’s stock valued at $128,000 after purchasing an additional 230 shares during the period. Institutional investors own 72.45% of the company’s stock.

Several analysts recently issued reports on the company. Cleveland Research restated a “hold” rating on shares of Norfolk Southern in a research note on Monday. Loop Capital boosted their price target on Norfolk Southern to $144.00 and gave the company a “sell” rating in a research note on Friday, January 12th. Scotiabank upgraded Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Friday, January 12th. Royal Bank of Canada restated a “sell” rating and issued a $137.00 price target on shares of Norfolk Southern in a research note on Tuesday, January 9th. Finally, Credit Suisse Group restated a “buy” rating and issued a $177.00 price target on shares of Norfolk Southern in a research note on Wednesday. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $134.52.

Norfolk Southern Corp. (NSC) traded up $1.12 during trading hours on Wednesday, hitting $154.12. The stock had a trading volume of 1,271,495 shares, compared to its average volume of 1,526,820. The company has a market cap of $44,020.00, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. Norfolk Southern Corp. has a 1 year low of $105.89 and a 1 year high of $157.15.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.65 billion. Norfolk Southern had a return on equity of 14.72% and a net margin of 17.86%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 EPS. analysts expect that Norfolk Southern Corp. will post 6.48 EPS for the current fiscal year.

Norfolk Southern announced that its board has authorized a share repurchase plan on Tuesday, September 26th that authorizes the company to buyback 50,000,000 shares. This buyback authorization authorizes the railroad operator to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

In other news, VP Thomas E. Hurlbut sold 6,175 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $129.61, for a total transaction of $800,341.75. Following the completion of the sale, the vice president now directly owns 7,568 shares in the company, valued at approximately $980,888.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas E. Hurlbut sold 2,370 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $134.71, for a total value of $319,262.70. Following the sale, the vice president now owns 6,370 shares of the company’s stock, valued at $858,102.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,113 shares of company stock valued at $1,594,148. Corporate insiders own 0.36% of the company’s stock.

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Norfolk Southern Profile

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 Southern (NYSE:NSC)

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