Northstar Group Inc. Sells 560 Shares of CSX Co. (NASDAQ:CSX)

Northstar Group Inc. lessened its holdings in CSX Co. (NASDAQ:CSX) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 25,429 shares of the transportation company’s stock after selling 560 shares during the period. Northstar Group Inc.’s holdings in CSX were worth $821,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of CSX by 20.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after buying an additional 80,423 shares during the period. Diversified Trust Co increased its position in shares of CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after buying an additional 46,473 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in CSX during the 4th quarter worth $1,084,000. Thrivent Financial for Lutherans grew its stake in CSX by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after acquiring an additional 24,430 shares during the period. Finally, Carnegie Investment Counsel raised its position in shares of CSX by 1.4% during the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock worth $19,751,000 after purchasing an additional 8,474 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stephens reiterated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. Stifel Nicolaus lowered their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Evercore ISI cut their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Finally, Barclays cut their price target on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Performance

Shares of CSX opened at $32.59 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The firm has a 50-day moving average of $33.02 and a 200-day moving average of $33.86. The company has a market cap 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. CSX Co. has a one year low of $31.43 and a one year high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts forecast that CSX Co. will post 1.88 earnings per share for the current year.

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.