CSX Co. (NASDAQ:CSX) Shares Bought by Kentucky Retirement Systems

Kentucky Retirement Systems grew its stake in CSX Co. (NASDAQ:CSXFree Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,112 shares of the transportation company’s stock after purchasing an additional 2,728 shares during the period. Kentucky Retirement Systems’ holdings in CSX were worth $5,482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in CSX in the fourth quarter valued at approximately $27,000. Life Planning Partners Inc purchased a new stake in CSX in the 4th quarter worth $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in CSX during the fourth quarter worth $34,000. Venturi Wealth Management LLC raised its position in CSX by 228.4% during the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after acquiring an additional 692 shares during the period. Finally, Avion Wealth grew its position in shares of CSX by 450.5% in the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 820 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Down 1.2 %

CSX traded down $0.41 during trading hours on Friday, reaching $33.52. The company’s stock had a trading volume of 8,218,484 shares, compared to its average volume of 12,170,002. The stock has a market cap of $65.53 billion, a PE ratio of 18.42, a P/E/G ratio of 2.03 and a beta of 1.19. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The business’s 50-day moving average is $35.42 and its 200-day moving average is $34.85.

CSX (NASDAQ:CSXGet Free Report) last posted its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. As a group, equities research analysts predict that CSX Co. will post 1.95 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, May 30th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CSX shares. Jefferies Financial Group reduced their price target on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of CSX in a research report on Thursday, April 18th. Royal Bank of Canada dropped their price target on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Bank of America decreased their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, TD Cowen upped their target price on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Get Our Latest Analysis on CSX

CSX Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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