CSX Co. (NASDAQ:CSX) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in shares of CSX Co. (NASDAQ:CSX) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,222,771 shares of the transportation company’s stock after selling 11,136 shares during the quarter. California State Teachers Retirement System’s holdings in CSX were worth $119,468,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CSX. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of CSX in the 1st quarter worth about $29,000. Turtle Creek Wealth Advisors LLC bought a new position in CSX in the 4th quarter worth approximately $34,000. Burkett Financial Services LLC acquired a new stake in CSX in the 4th quarter valued at approximately $34,000. Avion Wealth increased its position in CSX by 450.5% in the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 820 shares during the period. Finally, Tortoise Investment Management LLC acquired a new position in CSX during the 4th quarter worth $35,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Up 0.2 %

CSX stock traded up $0.08 during mid-day trading on Wednesday, hitting $35.10. The company’s stock had a trading volume of 9,980,357 shares, compared to its average volume of 11,793,340. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The firm’s 50 day moving average is $33.51 and its 200 day moving average is $35.05. The company has a market cap of $68.62 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, August 30th. CSX’s dividend payout ratio is currently 26.37%.

Analysts Set New Price Targets

CSX has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. Bank of America cut shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Monday, July 8th. UBS Group reduced their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Jefferies Financial Group decreased their price objective on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Finally, Sanford C. Bernstein boosted their target price on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.14.

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.