Ensign Peak Advisors Inc Sells 40,578 Shares of CSX Co. (NASDAQ:CSX)

Ensign Peak Advisors Inc lowered its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 517,963 shares of the transportation company's stock after selling 40,578 shares during the quarter. Ensign Peak Advisors Inc's holdings in CSX were worth $16,715,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CSX. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of CSX during the 4th quarter valued at $27,000. Accredited Wealth Management LLC acquired a new stake in CSX during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in CSX in the fourth quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in CSX in the 4th quarter worth about $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of CSX by 219.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock worth $34,000 after purchasing an additional 714 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stephens restated an "overweight" rating and issued a $38.00 price objective on shares of CSX in a report on Friday, January 24th. BMO Capital Markets dropped their price target on shares of CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Benchmark restated a "buy" rating and set a $35.00 price target on shares of CSX in a report on Thursday, April 17th. Evercore ISI decreased their price objective on shares of CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Finally, Stifel Nicolaus lowered their target price on shares of CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, CSX has a consensus rating of "Moderate Buy" and an average target price of $33.90.

CSX Stock Performance

CSX stock traded up $0.27 during midday trading on Thursday, hitting $31.30. The stock had a trading volume of 15,563,107 shares, compared to its average volume of 12,826,168. The firm has a market capitalization of $58.80 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a 50-day simple moving average of $28.76 and a 200 day simple moving average of $31.81. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The company also recently announced 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio (DPR) 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.