Koshinski Asset Management Inc. Has $2.13 Million Stake in Norfolk Southern Co. (NYSE:NSC)

Koshinski Asset Management Inc. lowered its stake in Norfolk Southern Co. (NYSE:NSC) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,066 shares of the railroad operator’s stock after selling 87 shares during the period. Koshinski Asset Management Inc.’s holdings in Norfolk Southern were worth $2,128,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NSC. Highline Wealth Partners LLC acquired a new stake in Norfolk Southern in the 3rd quarter worth approximately $25,000. Morse Asset Management Inc bought a new position in shares of Norfolk Southern in the third quarter valued at approximately $30,000. HWG Holdings LP acquired a new stake in shares of Norfolk Southern in the second quarter worth $31,000. Coastline Trust Co bought a new stake in shares of Norfolk Southern during the 3rd quarter worth $32,000. Finally, Capital Performance Advisors LLP acquired a new position in Norfolk Southern in the 3rd quarter valued at $33,000. Institutional investors own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NSC shares. Citigroup boosted their target price on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stephens reissued an “equal weight” rating and set a $263.00 price objective on shares of Norfolk Southern in a research report on Wednesday, October 23rd. Susquehanna lowered their target price on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Benchmark increased their price objective on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.68.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $245.39 on Tuesday. Norfolk Southern Co. has a one year low of $206.71 and a one year high of $277.60. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. The stock has a market cap of $55.52 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34. The stock has a 50-day moving average of $251.08 and a 200-day moving average of $246.84.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.14. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.65 earnings per share. As a group, sell-side analysts expect that Norfolk Southern Co. will post 11.78 earnings per share for the current year.

Insider Activity at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $2,550,000. This trade represents a 11.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by insiders.

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.