Public Employees Retirement Association of Colorado Sells 14,021 Shares of CSX Co. (NASDAQ:CSX)

Public Employees Retirement Association of Colorado reduced its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 5.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 256,201 shares of the transportation company's stock after selling 14,021 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in CSX were worth $8,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of CSX during the 4th quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in CSX in the fourth quarter worth $33,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of CSX by 219.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock worth $34,000 after purchasing an additional 714 shares in the last quarter. Center for Financial Planning Inc. grew its holdings in shares of CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after buying an additional 720 shares during the period. Finally, Meeder Asset Management Inc. grew its holdings in shares of CSX by 216.2% in the 4th quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company's stock valued at $35,000 after buying an additional 746 shares during the period. Institutional investors own 73.57% of the company's stock.

CSX Stock Performance

Shares of CSX traded up $0.59 during mid-day trading on Friday, reaching $28.70. The company's stock had a trading volume of 11,525,727 shares, compared to its average volume of 12,691,007. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10. The business has a 50-day simple moving average of $29.18 and a two-hundred day simple moving average of $32.10. The stock has a market cap of $53.91 billion, a P/E ratio of 16.03, a PEG ratio of 1.92 and a beta of 1.23.

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 company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, February 28th. CSX's dividend payout ratio (DPR) is presently 31.14%.

Analyst Ratings Changes

CSX has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on CSX from $37.00 to $34.00 and set a "buy" rating for the company in a report on Monday, April 14th. Susquehanna dropped their target price on shares of CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Citigroup cut their price target on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada dropped their price objective on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Finally, Raymond James reissued an "outperform" rating and issued a $33.00 price target (down previously from $34.00) on shares of CSX in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, CSX has an average rating of "Moderate Buy" and a consensus price target of $33.86.

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.