Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stock Position in CSX Co. (NASDAQ:CSX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,721,585 shares of the transportation company's stock after selling 47,350 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.14% of CSX worth $87,826,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Diversified Trust Co lifted its holdings in shares of CSX by 180.7% during the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock valued at $2,330,000 after purchasing an additional 46,473 shares in the last quarter. Marshall Financial Group LLC bought a new position in CSX during the 4th quarter valued at about $1,084,000. Carnegie Investment Counsel boosted its holdings in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock valued at $19,751,000 after acquiring an additional 8,474 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of CSX by 6.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company's stock worth $22,549,000 after acquiring an additional 41,547 shares during the period. Finally, Waycross Partners LLC raised its holdings in shares of CSX by 7.0% during the fourth quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock valued at $19,990,000 after purchasing an additional 40,611 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms have commented on CSX. Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and cut their target price for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Raymond James reissued an "outperform" rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Stephens reiterated an "overweight" rating and issued a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. Finally, Citigroup dropped their price objective on shares of CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

CSX Price Performance

CSX traded up $0.28 during trading on Monday, reaching $29.85. 13,229,970 shares of the company traded hands, compared to its average volume of 11,744,856. The company has a market cap of $56.55 billion, a P/E ratio of 16.68, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 12-month low of $28.98 and a 12-month high of $37.40. The firm has a fifty day simple moving average of $31.99 and a 200 day simple moving average of $33.31.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, equities analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.74%. This is a boost from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX's payout ratio is 29.05%.

CSX Company 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.