Retirement Systems of Alabama Buys 6,655 Shares of CSX Co. (NASDAQ:CSX)

Retirement Systems of Alabama increased its stake in shares of CSX Co. (NASDAQ:CSX) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,522 shares of the transportation company’s stock after acquiring an additional 6,655 shares during the quarter. Retirement Systems of Alabama’s holdings in CSX were worth $13,473,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Dynamic Advisor Solutions LLC raised its position in shares of CSX by 6.6% during the third quarter. Dynamic Advisor Solutions LLC now owns 38,246 shares of the transportation company’s stock worth $1,321,000 after purchasing an additional 2,360 shares during the period. Atomi Financial Group Inc. raised its holdings in CSX by 40.2% during the third quarter. Atomi Financial Group Inc. now owns 16,431 shares of the transportation company’s stock worth $567,000 after buying an additional 4,715 shares during the last quarter. Daymark Wealth Partners LLC lifted its stake in shares of CSX by 1.4% in the third quarter. Daymark Wealth Partners LLC now owns 33,119 shares of the transportation company’s stock valued at $1,144,000 after buying an additional 462 shares in the last quarter. CWM LLC lifted its stake in shares of CSX by 1.0% in the third quarter. CWM LLC now owns 98,249 shares of the transportation company’s stock valued at $3,393,000 after buying an additional 982 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in shares of CSX by 6.9% during the third quarter. Wedmont Private Capital now owns 16,760 shares of the transportation company’s stock valued at $564,000 after buying an additional 1,089 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Trading Down 0.5 %

NASDAQ:CSX opened at $32.59 on Friday. The firm’s 50 day moving average is $33.02 and its 200 day moving average is $33.86. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The stock has a market capitalization of $62.85 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. 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 issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 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%. Sell-side analysts expect that CSX Co. will post 1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CSX has been the topic of several recent research reports. Robert W. Baird dropped their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. BMO Capital Markets dropped their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday, January 10th. Susquehanna lowered their price target on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $37.16.

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.