Oregon Public Employees Retirement Fund Sells 660 Shares of CSX Co. (NASDAQ:CSX)

Oregon Public Employees Retirement Fund lessened its position in shares of CSX Co. (NASDAQ:CSX) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,272 shares of the transportation company’s stock after selling 660 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CSX were worth $5,333,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of CSX during the 3rd quarter worth about $5,767,000. China Universal Asset Management Co. Ltd. boosted its stake in shares of CSX by 109.2% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 24,591 shares of the transportation company’s stock worth $849,000 after buying an additional 12,837 shares during the last quarter. Fortitude Family Office LLC boosted its stake in shares of CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after buying an additional 336 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of CSX by 31.6% during the 3rd quarter. Fidelis Capital Partners LLC now owns 42,286 shares of the transportation company’s stock worth $1,420,000 after buying an additional 10,147 shares during the last quarter. Finally, Childress Capital Advisors LLC boosted its stake in shares of CSX by 6.3% during the 3rd quarter. Childress Capital Advisors LLC now owns 6,742 shares of the transportation company’s stock worth $233,000 after buying an additional 397 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CSX shares. Wells Fargo & Company reduced their price objective on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Benchmark restated a “buy” rating and set a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. BMO Capital Markets cut their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, January 10th. Finally, Citigroup cut their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, CSX currently has an average rating of “Moderate Buy” and an average target price of $37.16.

CSX Trading Down 0.3 %

Shares of CSX stock opened at $31.98 on Thursday. The firm has a 50 day moving average price of $32.59 and a two-hundred day moving average price of $33.72. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $61.67 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. CSX Co. has a 12-month low of $31.43 and a 12-month high of $38.61.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.63%. CSX’s dividend payout ratio (DPR) is currently 29.05%.

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.