Running Oak Capital LLC Increases Position in Norfolk Southern Co. (NYSE:NSC)

Running Oak Capital LLC raised its position in shares of Norfolk Southern Co. (NYSE:NSC) by 30.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,154 shares of the railroad operator’s stock after buying an additional 5,136 shares during the period. Running Oak Capital LLC’s holdings in Norfolk Southern were worth $5,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of NSC. Geneos Wealth Management Inc. grew its position in Norfolk Southern by 0.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 64,680 shares of the railroad operator’s stock valued at $15,180,000 after acquiring an additional 516 shares in the last quarter. apricus wealth LLC grew its holdings in shares of Norfolk Southern by 21.7% in the fourth quarter. apricus wealth LLC now owns 1,436 shares of the railroad operator’s stock valued at $337,000 after purchasing an additional 256 shares in the last quarter. CX Institutional increased its stake in Norfolk Southern by 10.9% during the 4th quarter. CX Institutional now owns 2,572 shares of the railroad operator’s stock worth $604,000 after buying an additional 253 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $228,000. Finally, Brighton Jones LLC boosted its position in Norfolk Southern by 4.9% in the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after buying an additional 79 shares during the period. 75.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Sameh Fahmy purchased 350 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares of the company’s stock, valued at $2,580,979.50. This trade represents a 3.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on NSC shares. Loop Capital increased their price objective on Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Benchmark increased their price target on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Bank of America boosted their price objective on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. TD Cowen raised their target price on shares of Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Citigroup boosted their price target on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $275.68.

Norfolk Southern Price Performance

Shares of NSC opened at $254.91 on Friday. The company has a market capitalization of $57.67 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The firm has a 50-day simple moving average of $249.61 and a 200-day simple moving average of $247.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73.

About Norfolk Southern

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.