New York State Common Retirement Fund Sells 23,700 Shares of CSX Co. (NASDAQ:CSX)

New York State Common Retirement Fund trimmed its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 2,482,285 shares of the transportation company’s stock after selling 23,700 shares during the quarter. New York State Common Retirement Fund’s holdings in CSX were worth $80,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Perpetual Ltd bought a new stake in shares of CSX in the fourth quarter valued at about $83,301,000. Assenagon Asset Management S.A. raised its holdings in shares of CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after acquiring an additional 2,489,329 shares in the last quarter. FMR LLC raised its holdings in shares of CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after acquiring an additional 1,447,651 shares in the last quarter. KBC Group NV raised its holdings in shares of CSX by 616.4% in the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after acquiring an additional 958,957 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of CSX by 3.6% in the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after acquiring an additional 857,302 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Trading Down 3.7 %

Shares of NASDAQ:CSX opened at $32.41 on Thursday. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The company has a market capitalization of $62.50 billion, a PE ratio of 18.11, a PEG ratio of 1.97 and a beta of 1.23. The business has a 50 day moving average of $32.67 and a two-hundred day moving average of $33.78. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. This is an increase from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. CSX’s dividend payout ratio is presently 29.05%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Stephens reiterated an “overweight” rating and issued a $38.00 target price on shares of CSX in a report on Friday, January 24th. BMO Capital Markets reduced their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Susquehanna reduced their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX 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.