CSX Co. (NASDAQ:CSX) Stock Holdings Lowered by Strs Ohio

Strs Ohio cut its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 582,596 shares of the transportation company's stock after selling 25,425 shares during the period. Strs Ohio's holdings in CSX were worth $20,198,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. High Net Worth Advisory Group LLC grew its holdings in CSX by 1.7% during the fourth quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company's stock valued at $614,000 after purchasing an additional 304 shares during the period. Stratos Wealth Advisors LLC grew its holdings in CSX by 1.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company's stock valued at $978,000 after purchasing an additional 304 shares during the period. Park Place Capital Corp grew its holdings in CSX by 12.1% during the third quarter. Park Place Capital Corp now owns 3,064 shares of the transportation company's stock valued at $94,000 after purchasing an additional 330 shares during the period. Astoria Portfolio Advisors LLC. grew its holdings in CSX by 2.4% during the third quarter. Astoria Portfolio Advisors LLC. now owns 14,672 shares of the transportation company's stock valued at $434,000 after purchasing an additional 349 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of CSX by 2.0% during the third quarter. Parkside Financial Bank & Trust now owns 17,967 shares of the transportation company's stock worth $552,000 after acquiring an additional 352 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Trading Down 2.0 %

Shares of NASDAQ:CSX traded down $0.68 on Wednesday, reaching $34.16. 24,336,209 shares of the company traded hands, compared to its average volume of 11,922,829. The business's 50-day simple moving average is $37.04 and its 200 day simple moving average is $34.32. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12. The stock has a market capitalization of $66.87 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.18. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. CSX had a return on equity of 30.52% and a net margin of 25.35%. The firm had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.63 billion. During the same period last year, the firm earned $0.49 earnings per share. The company's revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that CSX Co. will post 1.97 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.12 per share. This is a boost from CSX's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Wednesday, February 28th. CSX's dividend payout ratio (DPR) is 26.09%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Susquehanna increased their target price on CSX from $42.00 to $44.00 and gave the stock a "positive" rating in a research report on Thursday, March 28th. Benchmark increased their target price on CSX from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Jefferies Financial Group started coverage on CSX in a research report on Monday, April 8th. They set a "hold" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on CSX from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, December 21st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $34.00 price objective on shares of CSX in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $37.28.

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.