Does Norfolk Southern Corporation (NYSE:NSC) Have Gas After Even More Sellers Involved?

Norfolk Southern Corporation (NYSE:NSC) Logo

Investors sentiment decreased to 0.72 in Q4 2018. Its down 0.20, from 0.92 in 2018Q3. It is negative, as 62 investors sold Norfolk Southern Corporation shares while 373 reduced holdings. 85 funds opened positions while 227 raised stakes. 212.45 million shares or 13.01% more from 187.99 million shares in 2018Q3 were reported.
Garrison Bradford & Assoc stated it has 2,500 shares or 0.34% of all its holdings. Sei Invests reported 0.06% stake. Advisory Service Networks Limited, Georgia-based fund reported 13,360 shares. Gradient Invests Limited Liability Co has invested 0% in Norfolk Southern Corporation (NYSE:NSC). Ima Wealth stated it has 1,125 shares. Fiduciary Trust, Massachusetts-based fund reported 16,280 shares. Beacon Incorporated holds 259 shares. 3,242 are owned by Jones Cos Lllp. Td Capital Ltd invested in 0% or 15 shares. Aqr Capital Mgmt Lc has 0.11% invested in Norfolk Southern Corporation (NYSE:NSC) for 634,857 shares. Interocean Cap Lc accumulated 19,434 shares or 0.31% of the stock. Pitcairn Com holds 1,721 shares or 0.03% of its portfolio. 108,059 were accumulated by Pinebridge Invs Lp. Davenport And Ltd Company owns 93,274 shares. Renaissance Tech Ltd stated it has 0.08% of its portfolio in Norfolk Southern Corporation (NYSE:NSC).

Since November 7, 2018, it had 0 insider buys, and 3 insider sales for $1.09 million activity. The insider Wheeler Michael Joseph sold $858,097.

The stock of Norfolk Southern Corporation (NYSE:NSC) registered an increase of 3.8% in short interest. NSC’s total short interest was 4.17 million shares in March as published by FINRA. Its up 3.8% from 4.02M shares, reported previously. With 2.09 million shares average volume, it will take short sellers 2 days to cover their NSC’s short positions. The short interest to Norfolk Southern Corporation’s float is 1.56%.

The stock increased 0.30% or $0.53 during the last trading session, reaching $179.52. About 3.43 million shares traded or 76.95% up from the average. Norfolk Southern Corporation (NYSE:NSC) has risen 29.66% since March 17, 2018 and is uptrending. It has outperformed by 25.29% the S&P500.

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 has market cap of $48.01 billion. It also transports overseas freight through various Atlantic and Gulf Coast ports. It has a 18.87 P/E ratio. In addition, the firm is involved in the operation of scheduled passenger trains; leasing or sale of rail property and equipment; development of commercial real estate; telecommunications; and the acquisition, leasing, and management of coal, oil, gas, and minerals, as well as the transport of automotive and industrial products.

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Norfolk Southern Corporation (NYSE:NSC) Ratings Coverage

Among 10 analysts covering Norfolk Southern (NYSE:NSC), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Norfolk Southern had 16 analyst reports since October 1, 2018 according to SRatingsIntel. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Overweight” rating given on Tuesday, December 18 by JP Morgan. Robert W. Baird maintained the stock with “Neutral” rating in Thursday, October 25 report. The company was maintained on Tuesday, February 12 by Morgan Stanley. The company was downgraded on Friday, January 25 by Deutsche Bank. The firm earned “Buy” rating on Monday, October 1 by Bank of America. The firm has “Hold” rating given on Wednesday, March 13 by Barclays Capital. The stock has “Buy” rating by Loop Capital on Wednesday, October 24. The firm earned “Outperform” rating on Thursday, October 25 by Credit Suisse. The rating was maintained by Morgan Stanley on Monday, January 7 with “Underweight”. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Underweight” rating given on Monday, October 29 by Morgan Stanley.

More notable recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Seekingalpha.com which released: “Bottom line shines at Norfolk Southern – Seeking Alpha” on January 24, 2019, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For February 19, 2019 – Benzinga” published on February 19, 2019, Seekingalpha.com published: “Slowing Dividend Growth In 2019, And Why It Is Not All Doom And Gloom – Seeking Alpha” on February 24, 2019. More interesting news about Norfolk Southern Corporation (NYSE:NSC) were released by: Fool.com and their article: “Why Virgin Trains USA Canceled Its IPO – The Motley Fool” published on February 16, 2019 as well as Investorplace.com‘s news article titled: “5 Transportation ETFs to Buy for a Road to Profits – Investorplace.com” with publication date: March 12, 2019.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart