D. E. Shaw & Co. Inc. Sells 1,175,164 Shares of CSX Co. (NASDAQ:CSX)

D. E. Shaw & Co. Inc. reduced its position in CSX Co. (NASDAQ:CSX - Free Report) by 91.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,291 shares of the transportation company's stock after selling 1,175,164 shares during the period. D. E. Shaw & Co. Inc.'s holdings in CSX were worth $3,495,000 as of its most recent SEC filing.

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

CSX Trading Up 0.6%

CSX traded up $0.18 during midday trading on Friday, reaching $30.82. 21,148,953 shares of the company were exchanged, compared to its average volume of 12,943,997. CSX Co. has a one year low of $26.22 and a one year 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 stock has a market capitalization of $57.90 billion, a P/E ratio of 17.22, a PEG ratio of 1.92 and a beta of 1.22. The stock's 50-day simple moving average is $28.91 and its 200 day simple moving average is $31.65.

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

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.69%. CSX's payout ratio is presently 31.14%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BMO Capital Markets dropped their price objective 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. Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday, March 7th. They issued a "hold" rating and a $34.00 price objective on the stock. Raymond James reaffirmed an "outperform" rating and issued a $33.00 price objective (down previously from $34.00) on shares of CSX in a research note on Thursday, April 17th. Benchmark restated a "buy" rating and issued a $35.00 price objective on shares of CSX in a research note on Thursday, April 17th. Finally, Evercore ISI reduced 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.90.

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.