Colonial Trust Advisors grew its position in Norfolk Souther Corporation (NYSE:NSC) by 17.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,592 shares of the railroad operator’s stock after purchasing an additional 2,932 shares during the period. Colonial Trust Advisors’ holdings in Norfolk Souther Corporation were worth $2,384,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. D Orazio & Associates Inc. lifted 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 purchasing an additional 4 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in Norfolk Souther Corporation by 12,069.6% during the second quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock worth $102,000 after acquiring an additional 12,311 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in Norfolk Souther Corporation by 20.7% during the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock worth $106,000 after acquiring an additional 150 shares in the last quarter. Parallel Advisors LLC raised its holdings in Norfolk Souther Corporation by 29.2% during the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock worth $114,000 after acquiring an additional 220 shares in the last quarter. Finally, Harfst & Associates Inc. raised its holdings in Norfolk Souther Corporation by 58.8% during the second quarter. Harfst & Associates Inc. now owns 945 shares of the railroad operator’s stock worth $115,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 70.45% of the company’s stock.

Several research firms recently issued reports on NSC. Morgan Stanley reiterated an “underweight” rating and set a $75.00 target price (down previously from $77.00) on shares of Norfolk Souther Corporation in a report on Monday, October 2nd. Wells Fargo & Company lowered Norfolk Souther Corporation from an “outperform” rating to a “market perform” rating in a report on Monday. ValuEngine lowered Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Citigroup Inc. upped their target price on Norfolk Souther Corporation from $124.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday, October 4th. Finally, J P Morgan Chase & Co upped their target price on Norfolk Souther Corporation from $121.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $118.38.

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In related news, VP Thomas E. Hurlbut sold 300 shares of Norfolk Souther Corporation stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total value of $35,640.00. Following the completion of the transaction, the vice president now directly owns 4,000 shares in the company, valued at approximately $475,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael Joseph Wheeler sold 2,370 shares of Norfolk Souther Corporation stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $118.68, for a total transaction of $281,271.60. Following the completion of the transaction, the chief operating officer now owns 13,492 shares of the company’s stock, valued at $1,601,230.56. The disclosure for this sale can be found here. Insiders sold a total of 27,077 shares of company stock worth $3,244,531 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Norfolk Souther Corporation (NYSE NSC) opened at 129.48 on Wednesday. The stock has a 50 day moving average price of $127.81 and a 200 day moving average price of $120.30. The firm has a market cap of $37.31 billion, a P/E ratio of 21.04 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.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. Norfolk Souther Corporation’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. Equities analysts predict that Norfolk Souther Corporation will post $6.36 earnings per share for the current fiscal year.

Norfolk Souther Corporation declared that its board has authorized a share repurchase plan on Tuesday, September 26th that allows the company to repurchase 50,000,000 shares. This repurchase authorization allows the railroad operator to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Norfolk Souther Corporation Company 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.

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

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