University of Texas Texas AM Investment Management Co. Decreases Position in CSX Co. (NASDAQ:CSX)

University of Texas Texas AM Investment Management Co. decreased its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 47.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,672 shares of the transportation company's stock after selling 68,213 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in CSX were worth $2,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings 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 purchased a new position in shares of CSX during the 4th quarter worth approximately $29,000. Fourth Dimension Wealth LLC acquired a new position in shares of CSX during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in CSX in the 4th quarter valued at approximately $31,000. Finally, Sierra Ocean LLC acquired a new stake in CSX during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Trading Up 2.0%

NASDAQ:CSX traded up $0.61 on Tuesday, hitting $31.43. 17,929,000 shares of the stock were exchanged, compared to its average volume of 12,963,937. The stock has a market cap of $59.04 billion, a PE ratio of 17.56, a PEG ratio of 1.92 and a beta of 1.22. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a fifty day moving average of $28.92 and a 200-day moving average of $31.59.

CSX (NASDAQ:CSX - Get Free Report) last posted its 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). The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently announced 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio is presently 31.14%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CSX shares. Barclays reduced their price objective on CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. UBS Group cut their target price on shares of CSX from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company decreased their price target on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Jefferies Financial Group cut their price objective on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Benchmark restated a "buy" rating and set a $35.00 target price on shares of CSX in a research report on Thursday, April 17th. Seven research 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.90.

About CSX

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.