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New York State Teachers Retirement System Sells 84,527 Shares of CSX Corporation (NASDAQ:CSX)

CSX logo with Transportation background

New York State Teachers Retirement System decreased its holdings in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,433,365 shares of the transportation company's stock after selling 84,527 shares during the period. New York State Teachers Retirement System owned about 0.08% of CSX worth $42,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new position in CSX during the fourth quarter valued at approximately $27,000. Accredited Wealth Management LLC purchased a new stake in shares of CSX in the fourth quarter worth $29,000. Fourth Dimension Wealth LLC bought a new stake in shares of CSX during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in shares of CSX during the 4th quarter valued at $31,000. Finally, Kessler Investment Group LLC purchased a new position in shares of CSX during the 1st quarter valued at $32,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Price Performance

Shares of CSX stock traded down $0.18 during trading hours on Friday, reaching $33.43. The company's stock had a trading volume of 5,638,784 shares, compared to its average volume of 13,303,420. The firm has a 50 day moving average price of $31.09 and a 200-day moving average price of $31.06. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75. The stock has a market cap of $62.80 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.94 and a beta of 1.23. CSX Corporation has a one year low of $26.22 and a one year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 26.42% and a net margin of 22.66%. The company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. On average, analysts predict that CSX Corporation will post 1.83 EPS for the current year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.56%. CSX's payout ratio is presently 31.14%.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Robert W. Baird began coverage on CSX in a research note on Tuesday. They set an "outperform" rating and a $38.00 target price on the stock. The Goldman Sachs Group reissued a "neutral" rating and issued a $35.00 price target on shares of CSX in a report on Monday, June 2nd. Citigroup cut their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, UBS Group reduced their price objective on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.14.

Read Our Latest Analysis on CSX

CSX Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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