Retirement Systems of Alabama Has $13.47 Million Stake in CSX Co. (NASDAQ:CSX)

Retirement Systems of Alabama increased its stake in shares of CSX Co. (NASDAQ:CSX) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,522 shares of the transportation company’s stock after buying 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 reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CSX. Valley Wealth Managers Inc. lifted its holdings in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new stake in CSX during the third quarter worth $31,000. Addison Advisors LLC boosted its holdings in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 336 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of CSX during the 4th quarter worth $41,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.5 %

CSX stock opened at $32.59 on Friday. The firm has a market cap of $62.85 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.90 and a beta of 1.23. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The firm has a 50 day moving average price of $33.02 and a two-hundred day moving average price of $33.86.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities analysts predict that CSX Co. will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Stephens reaffirmed an “overweight” rating and set a $38.00 price target on shares of CSX in a report on Friday, January 24th. Royal Bank of Canada lowered their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Robert W. Baird cut their target price 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. Finally, Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of CSX in a report on Monday, January 27th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.