24,558 Shares in CSX Corporation (NASDAQ:CSX) Bought by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. purchased a new stake in shares of CSX Corporation (NASDAQ:CSX - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 24,558 shares of the transportation company's stock, valued at approximately $723,000.

A number of other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in CSX by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock valued at $1,339,555,000 after purchasing an additional 726,507 shares in the last quarter. Bank of New York Mellon Corp increased its stake in CSX by 21.6% during the 1st quarter. Bank of New York Mellon Corp now owns 28,383,830 shares of the transportation company's stock valued at $835,336,000 after purchasing an additional 5,033,743 shares in the last quarter. Invesco Ltd. increased its stake in CSX by 13.5% during the 4th quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock valued at $810,076,000 after purchasing an additional 2,977,212 shares in the last quarter. Norges Bank bought a new stake in CSX during the 4th quarter valued at about $780,194,000. Finally, Lazard Asset Management LLC increased its stake in CSX by 3.5% during the 4th quarter. Lazard Asset Management LLC now owns 21,124,807 shares of the transportation company's stock valued at $681,696,000 after purchasing an additional 707,934 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Price Performance

Shares of CSX traded down $0.11 during mid-day trading on Friday, reaching $34.39. The stock had a trading volume of 24,854,035 shares, compared to its average volume of 13,531,300. The firm has a market cap of $64.60 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.98 and a beta of 1.23. CSX Corporation has a 12 month low of $26.22 and a 12 month high of $37.10. The business has a fifty day moving average of $32.16 and a 200 day moving average of $31.15. 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 posted its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. Equities analysts predict that CSX Corporation will post 1.83 EPS for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.51%. CSX's dividend payout ratio is 31.14%.

Wall Street Analyst Weigh In

CSX has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price objective 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. Argus set a $32.00 price target on shares of CSX in a research note on Friday, April 25th. Wells Fargo & Company lifted their price target on shares of CSX from $28.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. BMO Capital Markets reduced their price target on shares of CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Finally, Bank of America upgraded shares of CSX from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $34.00 to $42.00 in a research note on Thursday. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CSX presently has an average rating of "Moderate Buy" and a consensus price target of $35.14.

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.