Nisa Investment Advisors LLC Has $28.18 Million Stock Holdings in CSX Corporation (NASDAQ:CSX)

Nisa Investment Advisors LLC lowered its holdings in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 9.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 957,618 shares of the transportation company's stock after selling 103,525 shares during the period. Nisa Investment Advisors LLC owned 0.05% of CSX worth $28,183,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in CSX during the 4th quarter valued at about $27,000. Accredited Wealth Management LLC purchased a new stake in shares of CSX during the fourth quarter valued at approximately $29,000. Fourth Dimension Wealth LLC purchased a new stake in shares of CSX during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of CSX in the fourth quarter worth $31,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in CSX in the first quarter worth $30,000. Institutional investors and hedge funds own 73.57% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSX. The Goldman Sachs Group reiterated a "neutral" rating and issued a $35.00 price objective on shares of CSX in a research report on Monday, June 2nd. Susquehanna reaffirmed a "neutral" rating and set a $35.00 price objective on shares of CSX in a research report on Tuesday, June 24th. Baird R W raised shares of CSX to a "strong-buy" rating in a report on Tuesday, July 1st. Royal Bank Of Canada cut their target price on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. Finally, Evercore ISI dropped their price objective on shares of CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CSX currently has an average rating of "Moderate Buy" and a consensus target price of $34.64.

CSX Trading Up 1.7%

NASDAQ CSX traded up $0.56 during trading on Friday, reaching $34.10. 27,259,122 shares of the stock traded hands, compared to its average volume of 13,403,822. CSX Corporation has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.52. The stock's 50-day moving average price is $31.73 and its 200 day moving average price is $31.09. The firm has a market cap of $64.06 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 3.05 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a net margin of 22.66% and a return on equity of 26.42%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. Analysts predict that CSX Corporation will post 1.83 EPS for the current year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.52%. CSX's payout ratio is currently 31.14%.

About CSX

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.