Public Employees Retirement System of Ohio reduced its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 830,070 shares of the transportation company's stock after selling 50,251 shares during the period. Public Employees Retirement System of Ohio's holdings in CSX were worth $26,786,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in CSX during the fourth quarter worth about $27,000. Accredited Wealth Management LLC bought a new position in CSX during the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC bought a new position in CSX during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. bought a new position in CSX during the 4th quarter valued at $31,000. Finally, Sierra Ocean LLC acquired a new stake in shares of CSX during the fourth quarter worth $33,000. 73.57% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently weighed in on CSX. Royal Bank of Canada dropped their price objective on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus decreased their target price on shares of CSX from $37.00 to $34.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays decreased their price target on shares of CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of CSX in a report on Friday, March 7th. They set a "hold" rating and a $34.00 price target for the company. Finally, Jefferies Financial Group decreased their price target on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, CSX currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.90.
Check Out Our Latest Stock Report on CSX
CSX Stock Performance
Shares of NASDAQ:CSX traded up $0.12 during trading on Thursday, reaching $31.46. The stock had a trading volume of 4,607,602 shares, compared to its average volume of 12,946,961. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The firm has a market capitalization of $59.09 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock has a fifty day simple moving average of $28.99 and a two-hundred day simple moving average of $31.58.
CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results 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 net margin of 23.95% and a return on equity of 28.15%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. As a group, analysts anticipate that CSX Co. will post 1.83 earnings per share 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 1.65%. CSX's payout ratio is 31.14%.
CSX Company Profile
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Free Report)
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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