CSX Corporation (NASDAQ:CSX) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 224.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 371,579 shares of the transportation company's stock after acquiring an additional 257,223 shares during the quarter. Teacher Retirement System of Texas' holdings in CSX were worth $10,936,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CSX. Wellington Management Group LLP increased its holdings in CSX by 14.7% during the fourth quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock valued at $3,794,000 after buying an additional 15,029 shares during the period. CWA Asset Management Group LLC increased its holdings in CSX by 15.1% during the first quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company's stock valued at $368,000 after buying an additional 1,642 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in CSX by 9.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company's stock valued at $1,141,000 after buying an additional 3,458 shares during the period. Farther Finance Advisors LLC increased its holdings in CSX by 61.4% during the first quarter. Farther Finance Advisors LLC now owns 14,154 shares of the transportation company's stock valued at $418,000 after buying an additional 5,382 shares during the period. Finally, Cercano Management LLC purchased a new position in CSX during the fourth quarter valued at approximately $4,869,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup cut their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America lifted their price target on shares of CSX from $33.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, June 13th. UBS Group cut their price target on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Susquehanna reaffirmed a "neutral" rating and issued a $35.00 price target on shares of CSX in a report on Tuesday, June 24th. Finally, Stifel Nicolaus cut their price target on shares of CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.14.

CSX Price Performance

CSX stock traded down $0.18 during midday trading on Friday, reaching $33.43. The company had a trading volume of 5,638,784 shares, compared to its average volume of 13,318,513. The company has a market capitalization of $62.80 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.94 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 firm's fifty day simple moving average is $31.20 and its 200-day simple moving average is $31.06. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75.

CSX (NASDAQ:CSX - Get Free Report) last released 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). The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 22.66% and a return on equity of 26.42%. As a group, equities analysts anticipate that CSX Corporation will post 1.83 EPS for the current year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.56%. CSX's dividend payout ratio is currently 31.14%.

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.