Perpetual Ltd Has $79.03 Million Holdings in CSX Corporation (NASDAQ:CSX)

Perpetual Ltd grew its position in CSX Corporation (NASDAQ:CSX - Free Report) by 4.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,685,478 shares of the transportation company's stock after acquiring an additional 104,110 shares during the period. Perpetual Ltd owned 0.14% of CSX worth $79,034,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CSX. Marshall & Sterling Wealth Advisors Inc. bought a new stake in CSX during the 4th quarter worth approximately $27,000. Accredited Wealth Management LLC acquired a new position in shares of CSX during the fourth quarter worth $29,000. Fourth Dimension Wealth LLC bought a new stake in shares of CSX in the fourth quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in CSX in the fourth quarter valued at $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in 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 during the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank Of Canada reduced their price target on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. Benchmark reiterated a "buy" rating and issued a $35.00 target price on shares of CSX in a report on Thursday, April 17th. Citigroup decreased their target price on shares of CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their price target on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of CSX in a research report on Friday, March 7th. They set a "hold" rating and a $34.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.14.

CSX Trading Up 0.2%

Shares of CSX stock opened at $32.57 on Friday. The stock has a market capitalization of $61.18 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. CSX Corporation has a 52 week low of $26.22 and a 52 week high of $37.10. The stock has a 50 day moving average price of $30.54 and a two-hundred day moving average price of $31.07. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.88.

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). CSX had a return on equity of 26.42% and a net margin of 22.66%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. As a group, equities analysts anticipate that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Friday, May 30th. CSX's payout ratio is presently 31.14%.

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.

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