Geneos Wealth Management Inc. Acquires 516 Shares of 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, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,680 shares of the railroad operator’s stock after acquiring 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 institutional investors have also recently bought and sold shares of the business. Public Sector Pension Investment Board grew its stake in shares of Norfolk Southern by 25.1% during the second quarter. Public Sector Pension Investment Board now owns 18,307 shares of the railroad operator’s stock worth $3,930,000 after purchasing an additional 3,676 shares during the period. Toronto Dominion Bank boosted its holdings in Norfolk Southern by 39.5% during the second quarter. Toronto Dominion Bank now owns 100,321 shares of the railroad operator’s stock worth $21,538,000 after buying an additional 28,432 shares during the last quarter. APG Asset Management N.V. grew its position in shares of Norfolk Southern by 225.6% during the 2nd quarter. APG Asset Management N.V. now owns 25,978 shares of the railroad operator’s stock worth $5,204,000 after buying an additional 18,000 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Norfolk Southern by 315.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 138,672 shares of the railroad operator’s stock valued at $29,771,000 after acquiring an additional 105,272 shares during the last quarter. Finally, MBB Public Markets I LLC raised its position in shares of Norfolk Southern by 1,699.7% in the 2nd quarter. MBB Public Markets I LLC now owns 16,017 shares of the railroad operator’s stock valued at $3,439,000 after acquiring an additional 15,127 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insider Activity

In related news, Director Sameh Fahmy purchased 350 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost 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. This trade represents a 3.50 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NSC. Evercore ISI decreased their price objective on shares of Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Benchmark boosted their price target on shares of Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Loop Capital raised their price objective on Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Bank of America lifted their target price on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein raised their price target on Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.68.

Norfolk Southern Stock Performance

NYSE:NSC opened at $254.91 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The company has a market cap 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 stock has a fifty day moving average price of $249.61 and a 200-day moving average price of $247.68.

Norfolk Southern (NYSE:NSC) last released 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 return on equity of 20.25% and a net margin of 19.85%. The firm 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 business posted $2.65 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Norfolk Southern Co. will post 11.78 EPS for the current fiscal year.

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.