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

Northstar Group Inc. decreased its position in CSX Co. (NASDAQ:CSX) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,429 shares of the transportation company’s stock after selling 560 shares during the quarter. Northstar Group Inc.’s holdings in CSX were worth $821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CSX. Valley Wealth Managers Inc. lifted its holdings in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in CSX during the third quarter worth $31,000. Addison Advisors LLC raised its stake in CSX by 348.5% during 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 during the last quarter. Fortitude Family Office LLC boosted its holdings in 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 period. Finally, Synergy Asset Management LLC acquired a new stake in CSX in the 4th quarter worth $41,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

CSX stock opened at $32.59 on Friday. The business’s fifty day moving average is $33.02 and its two-hundred day moving average is $33.86. 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 market cap of $62.85 billion, a P/E ratio of 18.21, a P/E/G 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.

CSX (NASDAQ:CSX) last issued its quarterly 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 return on equity of 28.15% and a net margin of 23.95%. Equities research analysts forecast that CSX Co. will post 1.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CSX has been the subject of a number of research analyst reports. Raymond James reaffirmed an “outperform” rating and set a $37.00 price objective (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. TD Cowen cut their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Stifel Nicolaus decreased their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, Wells Fargo & Company dropped their price objective on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.