Two Sigma Investments LP Sells 1,835,275 Shares of CSX Co. (NASDAQ:CSX)

Two Sigma Investments LP cut its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 70.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 786,534 shares of the transportation company's stock after selling 1,835,275 shares during the quarter. Two Sigma Investments LP's holdings in CSX were worth $25,381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSX. Wellington Management Group LLP grew its position in shares of CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock valued at $3,794,000 after acquiring an additional 15,029 shares during the period. Marshall Financial Group LLC bought a new position in shares of CSX during the 4th quarter valued at approximately $1,084,000. Waycross Partners LLC grew its position in shares of CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock valued at $19,990,000 after acquiring an additional 40,611 shares during the period. Nisa Investment Advisors LLC grew its position in shares of CSX by 1.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,061,143 shares of the transportation company's stock valued at $34,243,000 after acquiring an additional 20,073 shares during the period. Finally, Verde Servicos Internacionais S.A. grew its position in shares of CSX by 38.4% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 426,348 shares of the transportation company's stock valued at $13,758,000 after acquiring an additional 118,355 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Up 0.6%

Shares of CSX stock traded up $0.18 on Friday, hitting $30.82. 21,148,953 shares of the company's stock traded hands, compared to its average volume of 12,943,997. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a one year low of $26.22 and a one year high of $37.10. The company's fifty day simple moving average is $28.91 and its 200 day simple moving average is $31.65. The stock has a market capitalization of $57.90 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. Equities analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 1.69%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio is currently 31.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Citigroup reduced 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. Susquehanna cut their price objective on shares of CSX from $37.00 to $35.00 and set a "positive" rating for the company in a report on Thursday, April 17th. BMO Capital Markets lowered their target price on shares of CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Evercore ISI lowered their target price on shares of CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, UBS Group lowered their target price on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and a consensus price target of $33.90.

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.