Mutual of America Capital Management LLC Decreases Stake in CSX Co. (NASDAQ:CSX)

Mutual of America Capital Management LLC lowered its holdings in CSX Co. (NASDAQ:CSXFree Report) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 281,320 shares of the transportation company’s stock after selling 11,664 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CSX were worth $8,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bornite Capital Management LP purchased a new position in CSX during the first quarter valued at approximately $14,980,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CSX by 6.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,158,544 shares of the transportation company’s stock valued at $230,637,000 after acquiring an additional 347,514 shares in the last quarter. Blair William & Co. IL increased its stake in shares of CSX by 12.7% in the first quarter. Blair William & Co. IL now owns 122,334 shares of the transportation company’s stock worth $4,581,000 after acquiring an additional 13,829 shares during the last quarter. Sei Investments Co. raised its holdings in shares of CSX by 4.5% during the first quarter. Sei Investments Co. now owns 195,872 shares of the transportation company’s stock worth $7,361,000 after acquiring an additional 8,488 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in CSX by 16.8% during the first quarter. Cetera Investment Advisers now owns 71,521 shares of the transportation company’s stock valued at $2,678,000 after purchasing an additional 10,276 shares during the last quarter. 72.76% of the stock is currently owned by institutional investors.

CSX Stock Performance

CSX opened at $36.89 on Friday. CSX Co. has a 12-month low of $27.60 and a 12-month high of $37.37. The stock’s 50 day moving average price is $34.78 and its two-hundred day moving average price is $32.34. The firm has a market capitalization of $72.90 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.48.

CSX (NASDAQ:CSXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the business posted $0.49 EPS. The business’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts forecast that CSX Co. will post 1.96 earnings per share for the current year.

Analyst Ratings Changes

CSX has been the subject of a number of recent research reports. Raymond James raised their price target on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Stifel Nicolaus decreased their target price on shares of CSX from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 price target on shares of CSX in a report on Thursday, January 25th. BMO Capital Markets upped their price objective on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $36.24.

Read Our Latest Research Report 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 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.

See Also

Want to see what other hedge funds are holding CSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSX Co. (NASDAQ:CSXFree Report).

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.