CSX Co. (NASDAQ:CSX) Shares Sold by Resolution Capital Ltd

Resolution Capital Ltd lessened its position in CSX Co. (NASDAQ:CSX - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,645 shares of the transportation company's stock after selling 9,254 shares during the quarter. Resolution Capital Ltd's holdings in CSX were worth $3,861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of CSX by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock worth $1,339,555,000 after purchasing an additional 726,507 shares during the last quarter. Invesco Ltd. boosted its position in shares of CSX by 13.5% in the 4th quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock worth $810,076,000 after purchasing an additional 2,977,212 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of CSX by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock valued at $805,345,000 after acquiring an additional 299,536 shares in the last quarter. Norges Bank purchased a new position in CSX in the 4th quarter worth approximately $780,194,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after purchasing an additional 6,730,316 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Up 0.1%

Shares of CSX stock traded up $0.02 during trading hours on Tuesday, reaching $31.23. 4,819,964 shares of the company's stock were exchanged, compared to its average volume of 15,239,448. The stock's 50 day moving average is $28.84 and its 200-day moving average is $31.74. 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 fifty-two week low of $26.22 and a fifty-two week high of $37.10. The company has a market cap of $58.67 billion, a price-to-earnings ratio of 17.45, 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 earnings per share (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 firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. Analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, May 30th. CSX's payout ratio is 31.14%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Robert W. Baird dropped their target price on CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Stephens reiterated an "overweight" rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Raymond James restated an "outperform" rating and issued a $33.00 target price (down from $34.00) on shares of CSX in a report on Thursday, April 17th. Wells Fargo & Company lowered their price target on CSX from $31.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, Argus set a $32.00 target price on CSX in a research note on Friday, April 25th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock 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.