Nilsine Partners LLC Lowers Stock Position in Norfolk Southern Co. (NYSE:NSC)

Nilsine Partners LLC cut its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,112 shares of the railroad operator’s stock after selling 50 shares during the quarter. Nilsine Partners LLC’s holdings in Norfolk Southern were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Highline Wealth Partners LLC purchased a new position in Norfolk Southern in the third quarter worth $25,000. Morse Asset Management Inc bought a new stake in Norfolk Southern during the third quarter worth about $30,000. HWG Holdings LP purchased a new position in shares of Norfolk Southern in the 2nd quarter worth about $31,000. Coastline Trust Co bought a new position in shares of Norfolk Southern during the 3rd quarter valued at about $32,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Norfolk Southern during the 3rd quarter valued at about $33,000. Institutional investors own 75.10% of the company’s stock.

Insiders Place Their Bets

In other Norfolk Southern news, Director Sameh Fahmy bought 350 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the acquisition, the director now owns 10,350 shares in the company, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

Norfolk Southern Price Performance

NSC stock opened at $259.70 on Tuesday. 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 50-day moving average of $249.61 and a 200 day moving average of $248.15. The company has a market cap of $58.76 billion, a P/E ratio of 24.39, a PEG ratio of 2.29 and a beta of 1.34.

Wall Street Analysts Forecast Growth

NSC has been the topic of a number of recent research reports. Loop Capital increased their price target on shares of Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. UBS Group boosted their price target on shares of Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. TD Cowen lifted their price objective on Norfolk Southern from $253.00 to $259.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein boosted their target price on Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Norfolk Southern presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.68.

Norfolk Southern Company 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.