New York State Common Retirement Fund Has $106.37 Million Stock Position in CSX Co. (NASDAQ:CSX)

New York State Common Retirement Fund lowered its holdings in shares of CSX Co. (NASDAQ:CSX) by 6.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,068,014 shares of the transportation company’s stock after selling 225,454 shares during the period. New York State Common Retirement Fund owned about 0.16% of CSX worth $106,368,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CSX. Fortitude Family Office LLC acquired a new position in CSX in the 4th quarter worth about $27,000. Life Planning Partners Inc acquired a new position in CSX in the 4th quarter worth about $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in CSX in the 4th quarter worth about $34,000. Venturi Wealth Management LLC increased its holdings in CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after purchasing an additional 692 shares in the last quarter. Finally, Avion Wealth increased its holdings in CSX by 450.5% in the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after purchasing an additional 820 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Up 0.1 %

Shares of CSX stock traded up $0.04 on Tuesday, hitting $34.66. 5,055,000 shares of the company’s stock traded hands, compared to its average volume of 12,066,564. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The company has a fifty day moving average of $36.83 and a two-hundred day moving average of $34.43. The company has a market capitalization of $67.76 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that CSX Co. will post 1.95 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.12 per share. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio is 26.37%.

Analyst Ratings Changes

CSX has been the subject of a number of recent research reports. StockNews.com cut CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Jefferies Financial Group reduced their price target on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. BMO Capital Markets upped their price target on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Raymond James upped their price target on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Finally, Bank of America reduced their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.