New York State Common Retirement Fund Sells 176,600 Shares of CSX Corporation $CSX

New York State Common Retirement Fund cut its position in CSX Corporation (NASDAQ:CSX) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,092,875 shares of the transportation company’s stock after selling 176,600 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of CSX worth $74,318,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of CSX by 5.5% in the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock valued at $525,000 after purchasing an additional 849 shares during the period. Crews Bank & Trust raised its stake in CSX by 15.8% in the second quarter. Crews Bank & Trust now owns 13,196 shares of the transportation company’s stock valued at $431,000 after buying an additional 1,800 shares during the period. Stock Yards Bank & Trust Co. lifted its position in shares of CSX by 0.9% in the second quarter. Stock Yards Bank & Trust Co. now owns 45,558 shares of the transportation company’s stock valued at $1,487,000 after buying an additional 400 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of CSX by 1.6% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 186,778 shares of the transportation company’s stock worth $6,095,000 after acquiring an additional 2,985 shares during the period. Finally, Private Wealth Asset Management LLC increased its holdings in shares of CSX by 12.5% during the 2nd quarter. Private Wealth Asset Management LLC now owns 16,557 shares of the transportation company’s stock worth $540,000 after acquiring an additional 1,843 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Up 1.3%

Shares of NASDAQ CSX opened at $37.87 on Friday. The stock has a market capitalization of $70.52 billion, a P/E ratio of 24.59, a PEG ratio of 1.90 and a beta of 1.30. The stock’s fifty day moving average is $36.19 and its 200 day moving average is $35.23. CSX Corporation has a 52 week low of $26.22 and a 52 week high of $38.11. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.71 and a current ratio of 0.81.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). CSX had a return on equity of 23.88% and a net margin of 20.50%.The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Sell-side analysts forecast that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

CSX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on CSX from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Evercore ISI cut their target price on shares of CSX from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 target price on shares of CSX in a report on Thursday, December 18th. Morgan Stanley set a $30.00 price target on shares of CSX and gave the company an “equal weight” rating in a report on Monday, December 8th. Finally, UBS Group set a $45.00 price objective on CSX and gave the stock a “buy” rating in a report on Friday, October 17th. Eighteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and a consensus target price of $39.42.

Insider Buying and Selling

In other CSX news, CAO Diana B. Sorfleet sold 66,667 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $37.48, for a total transaction of $2,498,679.16. Following the completion of the transaction, the chief accounting officer directly owned 170,777 shares in the company, valued at $6,400,721.96. The trade was a 28.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

CSX Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.