Geneos Wealth Management Inc. Has $15.18 Million Position in Norfolk Southern Co. (NYSE:NSC)

Geneos Wealth Management Inc. raised its holdings in Norfolk Southern Co. (NYSE:NSC) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 64,680 shares of the railroad operator’s stock after buying an additional 516 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Norfolk Southern were worth $15,180,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. apricus wealth LLC lifted its position in Norfolk Southern by 21.7% in the 4th quarter. apricus wealth LLC now owns 1,436 shares of the railroad operator’s stock valued at $337,000 after acquiring an additional 256 shares in the last quarter. CX Institutional lifted its holdings in shares of Norfolk Southern by 10.9% in the fourth quarter. CX Institutional now owns 2,572 shares of the railroad operator’s stock valued at $604,000 after purchasing an additional 253 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Norfolk Southern during the fourth quarter valued at approximately $228,000. Brighton Jones LLC grew its holdings in Norfolk Southern by 4.9% during the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock worth $400,000 after buying an additional 79 shares in the last quarter. Finally, Red Door Wealth Management LLC raised its position in Norfolk Southern by 3.7% in the 4th quarter. Red Door Wealth Management LLC now owns 1,468 shares of the railroad operator’s stock valued at $345,000 after buying an additional 53 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Price Performance

NSC opened at $254.91 on Friday. The company has a market capitalization of $57.67 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.29 and a beta of 1.34. 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 firm has a 50-day moving average price of $249.61 and a 200-day moving average price of $247.68. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.14. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the firm posted $2.65 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts expect that Norfolk Southern Co. will post 11.78 EPS for the current year.

Insider Activity

In other news, Director Sameh Fahmy acquired 350 shares of Norfolk Southern stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $249.37 per share, with a total value of $87,279.50. Following the completion of the purchase, the director now owns 10,350 shares in the company, valued at approximately $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on NSC. Stephens reiterated an “equal weight” rating and issued a $263.00 target price on shares of Norfolk Southern in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on shares of Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Sanford C. Bernstein lifted their target price 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. Bank of America upped their target price on Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays lifted their price target on Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and an average price target 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.