CSX Co. (CSX) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC increased its stake in CSX Co. (NASDAQ:CSX) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,624,530 shares of the transportation company’s stock after purchasing an additional 42,774 shares during the period. Parametric Portfolio Associates LLC’s holdings in CSX were worth $196,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clean Yield Group purchased a new position in CSX during the fourth quarter worth $267,000. Dowling & Yahnke LLC boosted its stake in CSX by 4.1% during the fourth quarter. Dowling & Yahnke LLC now owns 19,849 shares of the transportation company’s stock worth $1,442,000 after buying an additional 783 shares during the period. Sumitomo Life Insurance Co. boosted its stake in CSX by 2.5% during the fourth quarter. Sumitomo Life Insurance Co. now owns 19,440 shares of the transportation company’s stock worth $1,208,000 after buying an additional 468 shares during the period. Baystate Wealth Management LLC boosted its stake in CSX by 219.9% during the fourth quarter. Baystate Wealth Management LLC now owns 611 shares of the transportation company’s stock worth $41,000 after buying an additional 420 shares during the period. Finally, We Are One Seven LLC purchased a new position in CSX during the fourth quarter worth $187,000. 75.51% of the stock is owned by hedge funds and other institutional investors.

In other CSX news, VP Angela C. Williams sold 9,560 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $79.14, for a total value of $756,578.40. Following the completion of the transaction, the vice president now directly owns 14,607 shares in the company, valued at $1,155,997.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.83% of the company’s stock.

Several research firms have recently weighed in on CSX. BidaskClub upgraded CSX from a “buy” rating to a “strong-buy” rating in a research report on Monday. Zacks Investment Research upgraded CSX from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Thursday, January 24th. ValuEngine upgraded CSX from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets lifted their target price on CSX from $76.00 to $78.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 17th. They noted that the move was a valuation call. Finally, TD Securities lifted their target price on CSX from $79.00 to $81.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $79.58.

CSX stock opened at $75.38 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $60.99 billion, a P/E ratio of 19.63, a PEG ratio of 1.34 and a beta of 1.29. CSX Co. has a 1-year low of $58.47 and a 1-year high of $80.73.

CSX (NASDAQ:CSX) last announced its earnings results on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.11. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. CSX had a net margin of 27.84% and a return on equity of 26.13%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. On average, sell-side analysts anticipate that CSX Co. will post 4.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. CSX’s dividend payout ratio is presently 25.00%.

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About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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