State Board of Administration of Florida Retirement System trimmed its position in shares of CSX Co. (NASDAQ:CSX) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,109,465 shares of the transportation company’s stock after selling 16,999 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.14% of CSX worth $85,839,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Janus Henderson Group PLC boosted its position in shares of CSX by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 12,929,434 shares of the transportation company’s stock worth $967,382,000 after purchasing an additional 60,234 shares in the last quarter. Egerton Capital UK LLP boosted its position in shares of CSX by 2.5% in the 1st quarter. Egerton Capital UK LLP now owns 12,140,980 shares of the transportation company’s stock worth $908,388,000 after purchasing an additional 290,774 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CSX by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 10,386,802 shares of the transportation company’s stock worth $644,194,000 after purchasing an additional 646,745 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CSX by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,311,053 shares of the transportation company’s stock worth $267,854,000 after purchasing an additional 30,225 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of CSX by 2.9% in the 1st quarter. Wells Fargo & Company MN now owns 4,204,104 shares of the transportation company’s stock worth $314,551,000 after purchasing an additional 116,535 shares in the last quarter. 75.63% of the stock is currently owned by institutional investors and hedge funds.
CSX traded down $0.23 during mid-day trading on Tuesday, reaching $65.06. 97,833 shares of the company traded hands, compared to its average volume of 5,564,714. The stock has a market capitalization of $51.95 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.13 and a beta of 1.21. The company has a quick ratio of 1.44, a current ratio of 1.55 and a debt-to-equity ratio of 1.26. The company’s fifty day moving average price is $71.15 and its 200-day moving average price is $74.13. CSX Co. has a 52-week low of $58.47 and a 52-week high of $80.73.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.48%. CSX’s dividend payout ratio is presently 25.00%.
A number of analysts have recently commented on CSX shares. Loop Capital cut CSX from a “buy” rating to a “hold” rating and dropped their price target for the stock from $85.00 to $81.00 in a research report on Wednesday, July 10th. Raymond James dropped their price target on CSX from $84.00 to $81.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Stephens cut CSX from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $86.00 to $79.00 in a research report on Wednesday, July 17th. Goldman Sachs Group assumed coverage on shares of CSX in a report on Wednesday, July 10th. They issued a “neutral” rating and a $86.00 price objective for the company. Finally, Credit Suisse Group decreased their price objective on shares of CSX from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $78.13.
In other CSX news, EVP Nathan D. Goldman sold 7,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $79.50, for a total transaction of $556,500.00. Following the completion of the sale, the executive vice president now directly owns 79,697 shares in the company, valued at approximately $6,335,911.50. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.83% of the stock is currently owned by insiders.
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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