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

Running Oak Capital LLC grew its holdings in Norfolk Southern Co. (NYSE:NSC) by 30.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,154 shares of the railroad operator’s stock after acquiring an additional 5,136 shares during the period. Running Oak Capital LLC’s holdings in Norfolk Southern were worth $5,200,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mizuho Securities USA LLC boosted 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 valued at $819,553,000 after purchasing an additional 3,280,579 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in shares of Norfolk Southern by 25,181.8% in the third quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock worth $222,025,000 after buying an additional 889,925 shares during the last quarter. FMR LLC grew its holdings in Norfolk Southern by 48.4% during the third quarter. FMR LLC now owns 2,702,344 shares of the railroad operator’s stock worth $671,532,000 after acquiring an additional 881,415 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in Norfolk Southern in the third quarter valued at approximately $207,830,000. Finally, Holocene Advisors LP purchased a new stake in Norfolk Southern in the 3rd quarter worth approximately $122,798,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Trading Down 0.5 %

Shares of Norfolk Southern stock opened at $254.91 on Friday. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-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 $57.67 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.29 and a beta of 1.34. The stock’s 50 day simple moving average is $249.61 and its 200-day simple moving average is $247.68.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Benchmark boosted their target price on shares of Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. TD Cowen increased their target price on shares of Norfolk Southern from $253.00 to $259.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein lifted their price target on Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Jefferies Financial Group increased their price target on Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Barclays boosted their price objective on Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $275.68.

Insiders Place Their Bets

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