Alan B Lancz & Associates Inc. Sells 400 Shares of Norfolk Southern Co. (NYSE:NSC)

Alan B Lancz & Associates Inc. cut its stake in Norfolk Southern Co. (NYSE:NSC) by 11.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,041 shares of the railroad operator’s stock after selling 400 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Norfolk Southern were worth $714,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NSC. Mizuho Securities USA LLC lifted its holdings in Norfolk Southern by 18,831.2% in the third quarter. Mizuho Securities USA LLC now owns 3,298,000 shares of the railroad operator’s stock worth $819,553,000 after buying an additional 3,280,579 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of Norfolk Southern by 25,181.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock valued at $222,025,000 after purchasing an additional 889,925 shares during the period. FMR LLC boosted its position in shares of Norfolk Southern by 48.4% during the third quarter. FMR LLC now owns 2,702,344 shares of the railroad operator’s stock valued at $671,532,000 after purchasing an additional 881,415 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in Norfolk Southern in the third quarter worth $207,830,000. Finally, Holocene Advisors LP purchased a new position in Norfolk Southern during the third quarter valued at $122,798,000. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of NSC opened at $254.91 on Friday. The firm has a fifty day simple moving average of $249.61 and a two-hundred day simple moving average of $247.68. The firm has a market cap of $57.67 billion, a PE ratio of 23.93, a P/E/G ratio of 2.29 and a beta of 1.34. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 1.21. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-year high of $277.60.

Insider Buying and Selling

In other Norfolk Southern news, Director Sameh Fahmy acquired 350 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the purchase, the director now directly owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. This trade represents a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NSC has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on shares of Norfolk Southern from $272.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. UBS Group lifted their target price on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Stifel Nicolaus raised their price objective on Norfolk Southern from $241.00 to $245.00 and gave the company a “hold” rating in a research report on Friday, October 11th. Bank of America boosted 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, Benchmark lifted their price target on Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.