Gotham Asset Management LLC Sells 111,109 Shares of CSX Co. (NASDAQ:CSX)

Gotham Asset Management LLC lowered its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 272,294 shares of the transportation company's stock after selling 111,109 shares during the period. Gotham Asset Management LLC's holdings in CSX were worth $8,787,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of CSX by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock worth $1,339,555,000 after purchasing an additional 726,507 shares in the last quarter. Invesco Ltd. raised its stake in CSX by 13.5% in the 4th quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock valued at $810,076,000 after acquiring an additional 2,977,212 shares during the period. Fisher Asset Management LLC raised its stake in CSX by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock valued at $805,345,000 after acquiring an additional 299,536 shares during the period. Norges Bank bought a new stake in CSX in the 4th quarter valued at $780,194,000. Finally, Bank of New York Mellon Corp raised its stake in CSX by 40.5% in the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after acquiring an additional 6,730,316 shares during the period. Institutional investors own 73.57% of the company's stock.

Analysts Set New Price Targets

CSX has been the topic of a number of research analyst reports. Citigroup dropped their price target on CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company cut their price target on CSX from $31.00 to $28.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Argus set a $32.00 price target on CSX in a research note on Friday, April 25th. Raymond James reissued an "outperform" rating and set a $33.00 target price (down from $34.00) on shares of CSX in a report on Thursday, April 17th. Finally, Susquehanna reduced their target price on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, CSX currently has an average rating of "Moderate Buy" and an average target price of $33.90.

CSX Trading Up 0.1%

Shares of NASDAQ:CSX traded up $0.02 during mid-day trading on Friday, reaching $31.32. 11,393,691 shares of the company's stock were exchanged, compared to its average volume of 12,821,639. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. 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 capitalization of $58.84 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.92 and a beta of 1.22. The business's fifty day moving average price is $28.77 and its 200-day moving average price is $31.79.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. On average, research analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.66%. CSX's dividend payout ratio is currently 31.14%.

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.