Ontario Teachers Pension Plan Board Purchases 7,951 Shares of CSX Co. (NASDAQ:CSX)

Ontario Teachers Pension Plan Board boosted its stake in CSX Co. (NASDAQ:CSX) by 35.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 30,158 shares of the transportation company’s stock after acquiring an additional 7,951 shares during the period. Ontario Teachers Pension Plan Board’s holdings in CSX were worth $1,118,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Connors Investor Services Inc. boosted its holdings in CSX by 4.7% in the first quarter. Connors Investor Services Inc. now owns 11,185 shares of the transportation company’s stock valued at $415,000 after acquiring an additional 500 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of CSX by 12.0% during the 1st quarter. Acadian Asset Management LLC now owns 42,999 shares of the transportation company’s stock worth $1,592,000 after buying an additional 4,606 shares in the last quarter. M&G Plc bought a new position in shares of CSX during the 1st quarter worth approximately $126,089,000. Gratus Wealth Advisors LLC bought a new position in shares of CSX during the 1st quarter worth approximately $281,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of CSX by 1.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 200,824 shares of the transportation company’s stock worth $7,445,000 after buying an additional 3,087 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

NASDAQ:CSX traded down $0.18 during trading on Monday, reaching $34.51. The company’s stock had a trading volume of 10,514,167 shares, compared to its average volume of 11,773,836. The firm has a market cap of $67.46 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The firm has a 50 day moving average of $33.46 and a 200-day moving average of $35.08. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Susquehanna cut their price target on CSX from $44.00 to $40.00 and set a “positive” rating on the stock in a report on Tuesday, June 25th. Stifel Nicolaus upped their target price on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of CSX in a research report on Thursday, April 18th. UBS Group lowered their target price on CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Sanford C. Bernstein upped their target price on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.07.

CSX 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.