Segall Bryant & Hamill LLC Decreases Holdings in Norfolk Southern Corp. (NYSE:NSC)

Segall Bryant & Hamill LLC lowered its holdings in shares of Norfolk Southern Corp. (NYSE:NSC) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,516 shares of the railroad operator’s stock after selling 187 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Norfolk Southern were worth $675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Resources Management Corp CT ADV acquired a new position in Norfolk Southern in the 3rd quarter valued at $733,000. Curbstone Financial Management Corp raised its holdings in shares of Norfolk Southern by 16.1% during the 4th quarter. Curbstone Financial Management Corp now owns 3,250 shares of the railroad operator’s stock worth $490,000 after buying an additional 450 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Norfolk Southern by 57.6% during the 3rd quarter. Virtu Financial LLC now owns 10,153 shares of the railroad operator’s stock worth $1,832,000 after buying an additional 3,712 shares in the last quarter. Sontag Advisory LLC acquired a new position in shares of Norfolk Southern during the 4th quarter worth $80,000. Finally, Arlington Partners LLC acquired a new position in shares of Norfolk Southern during the 4th quarter worth $37,000. 74.39% of the stock is currently owned by institutional investors.

In other Norfolk Southern news, COO Michael Joseph Wheeler sold 4,761 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 19,724 shares of the company’s stock, valued at $3,554,856.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jason Andrew Zampi sold 519 shares of the stock in a transaction 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. 0.19% of the stock is currently owned by corporate insiders.

Shares of Norfolk Southern stock traded up $1.48 on Friday, hitting $198.58. The company had a trading volume of 1,715,120 shares, compared to its average volume of 1,274,659. The company has a market cap of $53.11 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.69 and a beta of 1.43. The company has a quick ratio of 0.64, a current ratio of 0.72 and a debt-to-equity ratio of 0.69. Norfolk Southern Corp. has a 1 year low of $133.47 and a 1 year high of $200.00.

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, beating the 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 during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the company posted $1.69 earnings per share. Norfolk Southern’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts anticipate that Norfolk Southern Corp. will post 10.42 EPS for the current year.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised Norfolk Southern from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a report on Friday, March 8th. Morgan Stanley boosted their price objective on Norfolk Southern from $115.00 to $116.00 and gave the stock an “underweight” rating in a research report on Monday, January 7th. Royal Bank of Canada lowered Norfolk Southern from a “sector perform” rating to an “underperform” rating and reduced their price objective for the stock from $180.00 to $178.00 in a research report on Tuesday, February 19th. TD Securities boosted their price objective on Norfolk Southern from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 25th. Finally, Loop Capital upped their price target on Norfolk Southern to $210.00 and gave the company a “buy” rating in a research report on Monday, February 11th. Two 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. Norfolk Southern has a consensus rating of “Hold” and an average price target of $190.47.

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About Norfolk Southern

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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