Werlinich Asset Management LLC Acquires 75 Shares of Norfolk Southern Co. (NYSE:NSC)

Werlinich Asset Management LLC grew its holdings in Norfolk Southern Co. (NYSE:NSC) by 1.9% in the 4th quarter, Holdings Channel reports. The fund owned 4,084 shares of the railroad operator’s stock after purchasing an additional 75 shares during the quarter. Werlinich Asset Management LLC’s holdings in Norfolk Southern were worth $954,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new position in shares of Norfolk Southern in the 3rd quarter valued at approximately $25,000. Morse Asset Management Inc acquired a new position in shares of Norfolk Southern in the third quarter valued at approximately $30,000. HWG Holdings LP bought a new stake in shares of Norfolk Southern during the second quarter worth $31,000. Coastline Trust Co acquired a new stake in shares of Norfolk Southern during the third quarter worth $32,000. Finally, Capital Performance Advisors LLP bought a new stake in Norfolk Southern in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insider Activity at Norfolk Southern

In other news, Director Sameh Fahmy bought 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $2,550,000. This represents a 11.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.19% of the stock is owned by company insiders.

Norfolk Southern Stock Performance

NSC opened at $247.19 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The stock has a market cap of $55.92 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 2.11 and a beta of 1.34. Norfolk Southern Co. has a 12-month low of $206.71 and a 12-month high of $277.60. The business has a 50 day moving average of $252.07 and a 200-day moving average of $246.19.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.14. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.65 earnings per share. On average, equities research analysts expect that Norfolk Southern Co. will post 11.79 earnings per share for the current year.

Analyst Ratings Changes

NSC has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Benchmark lifted their target price on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. UBS Group boosted their target price on Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group raised their price target on shares of Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Sanford C. Bernstein boosted their price objective on shares of Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.68.

Norfolk Southern 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.