New York State Common Retirement Fund Has $74.32 Million Position in CSX Corporation $CSX

New York State Common Retirement Fund cut its stake in shares of CSX Corporation (NASDAQ:CSX) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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’s holdings in CSX were worth $74,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CSX. Captrust Financial Advisors boosted its holdings in shares of CSX by 0.8% during the 2nd quarter. Captrust Financial Advisors now owns 405,828 shares of the transportation company’s stock valued at $13,242,000 after acquiring an additional 3,162 shares in the last quarter. Cohen Capital Management Inc. raised its position in CSX by 0.4% in the third quarter. Cohen Capital Management Inc. now owns 278,373 shares of the transportation company’s stock valued at $9,885,000 after purchasing an additional 1,100 shares during the last quarter. Miller Howard Investments Inc. NY boosted its stake in shares of CSX by 1.3% during the third quarter. Miller Howard Investments Inc. NY now owns 207,368 shares of the transportation company’s stock valued at $7,364,000 after purchasing an additional 2,728 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in shares of CSX by 1.6% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 186,778 shares of the transportation company’s stock worth $6,095,000 after purchasing an additional 2,985 shares during the last quarter. Finally, FourThought Financial Partners LLC increased its stake in shares of CSX by 0.6% in the second quarter. FourThought Financial Partners LLC now owns 101,818 shares of the transportation company’s stock valued at $3,322,000 after buying an additional 631 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX opened at $37.87 on Friday. CSX Corporation has a one year low of $26.22 and a one year high of $38.11. The company has a market cap of $70.52 billion, a PE ratio of 24.59, a P/E/G ratio of 1.90 and a beta of 1.30. The stock has a 50-day moving average of $36.19 and a 200-day moving average of $35.23. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.81 and a quick ratio of 0.71.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on CSX shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of CSX from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. UBS Group set a $45.00 price objective on shares of CSX and gave the stock a “buy” rating in a research note on Friday, October 17th. Susquehanna restated a “neutral” rating and issued a $39.00 price objective on shares of CSX in a report on Friday, January 23rd. Morgan Stanley set a $30.00 target price on CSX and gave the stock an “equal weight” rating in a report on Monday, December 8th. Finally, JPMorgan Chase & Co. decreased their price target on CSX from $43.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Eighteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average price target of $39.42.

Insider Activity

In related news, CAO Diana B. Sorfleet sold 66,667 shares of CSX stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $37.48, for a total value of $2,498,679.16. Following the completion of the sale, the chief accounting officer owned 170,777 shares of the company’s stock, valued at approximately $6,400,721.96. This trade represents a 28.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.