Norfolk Southern: Major Institutional Investors Supporting Shares in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Norfolk Southern Corp. (NYSE:NSC).

SEC data indicate that these institutions significantly increased their stock shares of Norfolk Southern Corp. in Q3 2011:

  • MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 2,522,701 shares, worth $153,027,043.
  • INVESTEC ASSET MANAGEMENT LTD: On 06/30/2011, held 0 shares. On 09/30/2011, held 700,123 shares, worth $42,469,461.
  • KINGDON CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 300,000 shares, worth $18,198,000.
  • PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO: On 06/30/2011, held 0 shares. On 09/30/2011, held 265,941 shares, worth $16,131,981.
  • TEXAS PERMANENT SCHOOL FUND: On 06/30/2011, held 0 shares. On 09/30/2011, held 221,107 shares, worth $13,412,351.

About the company: Norfolk Southern Corporation provides rail transportation services. The Company transports raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. Norfolk Southern also transports overseas freight through several Atlantic and Gulf Coast ports

Competitors to Watch: CSX Corporation (NYSE:CSX), Kansas City Southern (NYSE:KSU), Union Pacific Corporation (NYSE:UNP), Burlington Northern Santa Fe, LLC (BNI), Providence & Worcester Railroad Co. (NASDAQ:PWX), Canadian National Railway (NYSE:CNI), Canadian Pacific Railway Ltd. (NYSE:CP), Genesee & Wyoming Inc. (NYSE:GWR), Pioneer Railcorp (PRRR), and RailAmerica, Inc. (NYSE:RA).

(Note: Data regarding Norfolk Southern Corp.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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