Clean Yield Group raised its stake in Norfolk Southern Corp. (NYSE:NSC) by 14.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 632 shares of the railroad operator’s stock after acquiring an additional 82 shares during the period. Clean Yield Group’s holdings in Norfolk Southern were worth $135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its position in shares of Norfolk Southern by 4.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 109,520 shares of the railroad operator’s stock worth $19,230,000 after purchasing an additional 4,300 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Norfolk Southern by 3.5% in the 2nd quarter. Private Advisor Group LLC now owns 19,904 shares of the railroad operator’s stock valued at $3,495,000 after buying an additional 679 shares during the period. State of Michigan Retirement System boosted its holdings in shares of Norfolk Southern by 9.5% in the 2nd quarter. State of Michigan Retirement System now owns 65,411 shares of the railroad operator’s stock valued at $11,484,000 after buying an additional 5,662 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Norfolk Southern by 405.8% in the 1st quarter. APG Asset Management N.V. now owns 154,918 shares of the railroad operator’s stock valued at $22,618,000 after buying an additional 124,287 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of Norfolk Southern by 4.4% in the 1st quarter. Clearbridge Investments LLC now owns 4,113 shares of the railroad operator’s stock valued at $600,000 after buying an additional 174 shares during the period. 66.94% of the stock is owned by institutional investors.

In other news, CEO James A. Squires sold 2,715 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $186.68, for a total transaction of $506,836.20. Following the sale, the chief executive officer now owns 66,357 shares in the company, valued at $12,387,524.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Joseph Wheeler sold 1,788 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $210.51, for a total transaction of $376,391.88. Following the sale, the chief operating officer now owns 11,058 shares in the company, valued at approximately $2,327,819.58. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Several research analysts have recently commented on NSC shares. Citigroup lifted their price target on shares of Norfolk Southern from $214.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Goldman Sachs Group lifted their price target on shares of Norfolk Southern from $213.00 to $235.00 and gave the company a “conviction-buy” rating in a report on Tuesday, September 1st. Morgan Stanley lifted their price target on shares of Norfolk Southern from $132.00 to $134.00 and gave the company an “underweight” rating in a report on Monday, October 5th. Cowen boosted their target price on shares of Norfolk Southern from $208.00 to $221.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Finally, CSFB boosted their target price on shares of Norfolk Southern from $241.00 to $246.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $208.50.

Shares of NYSE NSC traded down $0.60 during midday trading on Friday, reaching $218.75. The company’s stock had a trading volume of 866,218 shares, compared to its average volume of 1,617,889. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average price of $215.68 and a 200 day moving average price of $186.74. Norfolk Southern Corp. has a one year low of $112.62 and a one year high of $224.99. The company has a market cap of $60.25 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 3.35 and a beta of 1.37.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, July 29th. The railroad operator reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.20. Norfolk Southern had a net margin of 20.47% and a return on equity of 16.06%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the firm earned $2.70 EPS. The business’s revenue for the quarter was down 28.7% on a year-over-year basis. Research analysts anticipate that Norfolk Southern Corp. will post 8.98 earnings per share for the current fiscal year.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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