Two Sigma Advisers LP Sells 130,100 Shares of CSX Co. (NASDAQ:CSX)

Two Sigma Advisers LP lowered its stake in CSX Co. (NASDAQ:CSX - Free Report) by 90.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,500 shares of the transportation company's stock after selling 130,100 shares during the period. Two Sigma Advisers LP's holdings in CSX were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CSX. Marshall & Sterling Wealth Advisors Inc. purchased a new position in CSX during the 4th quarter valued at about $27,000. Accredited Wealth Management LLC purchased a new position in shares of CSX during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of CSX during the 4th quarter worth approximately $31,000. Sierra Ocean LLC purchased a new position in shares of CSX during the 4th quarter worth approximately $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of 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 acquiring an additional 714 shares during the period. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Stock Performance

Shares of NASDAQ:CSX traded up $0.49 during midday trading on Friday, hitting $32.23. The company had a trading volume of 16,163,880 shares, compared to its average volume of 13,148,141. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market cap of $60.55 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.92 and a beta of 1.24. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10. The company has a fifty day moving average of $29.28 and a two-hundred day moving average of $31.34.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly 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 28.15% and a net margin of 23.95%. The business had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. On average, equities research analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio (DPR) is presently 31.14%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CSX. Stifel Nicolaus reduced their target price on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Bank of America upped their target price on CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Raymond James reissued an "outperform" rating and issued a $33.00 price target (down from $34.00) on shares of CSX in a research report on Thursday, April 17th. Benchmark reissued a "buy" rating and issued a $35.00 price target on shares of CSX in a research report on Thursday, April 17th. Finally, Royal Bank of Canada dropped 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. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.95.

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.