Scout Investments Inc. increased its position in Norfolk Southern Corp. (NYSE:NSC) by 4.4% in the 1st quarter, Holdings Channel reports. The firm owned 72,025 shares of the railroad operator’s stock after buying an additional 3,007 shares during the period. Scout Investments Inc.’s holdings in Norfolk Southern were worth $13,461,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Norfolk Southern by 14,153.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,774,792 shares of the railroad operator’s stock valued at $152,000 after purchasing an additional 22,615,008 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Norfolk Southern by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 21,159,132 shares of the railroad operator’s stock valued at $3,819,223,000 after purchasing an additional 336,725 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Norfolk Southern by 0.9% in the 4th quarter. BlackRock Inc. now owns 20,052,895 shares of the railroad operator’s stock valued at $2,998,712,000 after purchasing an additional 169,821 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Norfolk Southern by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 3,364,851 shares of the railroad operator’s stock valued at $502,245,000 after purchasing an additional 221,780 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Norfolk Southern by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,210,893 shares of the railroad operator’s stock valued at $480,144,000 after purchasing an additional 17,877 shares during the last quarter. 74.39% of the stock is owned by institutional investors and hedge funds.

NYSE NSC opened at $196.15 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.64 and a current ratio of 0.72. Norfolk Southern Corp. has a 12-month low of $132.93 and a 12-month high of $196.57. The company has a market cap of $51.67 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.64 and a beta of 1.43.

Norfolk Southern (NYSE:NSC) last released its earnings results on Thursday, January 24th. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.27. Norfolk Southern had a return on equity of 16.71% and a net margin of 23.27%. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the previous year, the firm posted $1.69 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts forecast that Norfolk Southern Corp. will post 10.39 EPS for the current year.

In other Norfolk Southern news, COO Michael Joseph Wheeler sold 4,761 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $180.23, for a total transaction of $858,075.03. Following the transaction, the chief operating officer now owns 19,724 shares in the company, valued at approximately $3,554,856.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jason Andrew Zampi sold 519 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $181.34, for a total value of $94,115.46. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

NSC has been the topic of several recent research reports. Zacks Investment Research restated a “buy” rating and issued a $162.00 price target on shares of Norfolk Southern in a research report on Monday, December 31st. TD Securities boosted their price target on Norfolk Southern from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, February 12th. Citigroup boosted their price target on Norfolk Southern from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Credit Suisse Group dropped their price target on Norfolk Southern from $187.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, January 7th. Finally, Argus restated a “buy” rating on shares of Norfolk Southern in a research report on Thursday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $190.47.

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Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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