CSX Co. (NASDAQ:CSX) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in CSX Co. (NASDAQ:CSX - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,275,118 shares of the transportation company's stock after selling 239,635 shares during the period. Voya Investment Management LLC owned about 0.07% of CSX worth $41,148,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of CSX by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock valued at $1,339,555,000 after buying an additional 726,507 shares in the last quarter. Invesco Ltd. lifted its position in shares of CSX by 13.5% during the 4th quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company's stock valued at $810,076,000 after buying an additional 2,977,212 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of CSX by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company's stock valued at $805,345,000 after buying an additional 299,536 shares in the last quarter. Norges Bank purchased a new position in shares of CSX during the 4th quarter valued at approximately $780,194,000. Finally, Bank of New York Mellon Corp lifted its position in shares of CSX by 40.5% during the 4th 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 buying an additional 6,730,316 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Trading Down 0.4 %

Shares of CSX stock traded down $0.12 during trading hours on Thursday, hitting $27.96. The company had a trading volume of 3,833,246 shares, compared to its average volume of 12,646,054. The company's fifty day moving average is $29.25 and its 200 day moving average is $32.15. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The stock has a market capitalization of $52.51 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

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

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.13 dividend. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, February 28th. CSX's dividend payout ratio is currently 31.14%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CSX. Susquehanna decreased their target price on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus decreased their price objective on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday, March 7th. They issued a "hold" rating and a $34.00 price objective on the stock. Royal Bank of Canada decreased their price objective on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Finally, UBS Group decreased their price objective on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.