Teachers Retirement System of The State of Kentucky Sells 6,932 Shares of CSX Co. (NASDAQ:CSX)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of CSX Co. (NASDAQ:CSXGet Rating) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,275 shares of the transportation company’s stock after selling 6,932 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in CSX were worth $5,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Insight Advisors LLC PA acquired a new position in shares of CSX during the 1st quarter worth about $283,000. Walleye Capital LLC acquired a new position in shares of CSX during the 1st quarter worth about $535,000. Icon Advisers Inc. Co. increased its stake in shares of CSX by 151.3% during the 1st quarter. Icon Advisers Inc. Co. now owns 96,500 shares of the transportation company’s stock worth $3,614,000 after purchasing an additional 58,100 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of CSX by 214.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,772 shares of the transportation company’s stock worth $292,000 after purchasing an additional 5,301 shares during the last quarter. Finally, L.M. Kohn & Company acquired a new position in shares of CSX during the 1st quarter worth about $647,000. 73.60% of the stock is owned by institutional investors.

CSX Stock Performance

CSX stock opened at $29.49 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 1.01. CSX Co. has a 1 year low of $27.59 and a 1 year high of $38.63. The company has a market capitalization of $63.15 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.58 and a beta of 1.21. The business has a 50 day moving average of $31.89 and a 200-day moving average of $32.75.

CSX (NASDAQ:CSXGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The transportation company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.67 billion. CSX had a return on equity of 29.07% and a net margin of 28.24%. CSX’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. On average, equities research analysts predict that CSX Co. will post 1.89 earnings per share for the current year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.36%. CSX’s payout ratio is 22.47%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CSX. Barclays upped their price target on shares of CSX from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, July 21st. JPMorgan Chase & Co. decreased their target price on shares of CSX from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Wells Fargo & Company decreased their target price on shares of CSX from $37.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Friday, July 15th. Sanford C. Bernstein downgraded shares of CSX from an “outperform” rating to a “market perform” rating and set a $32.00 price objective on the stock. in a research note on Wednesday. Finally, Susquehanna Bancshares reduced their price objective on shares of CSX from $36.00 to $35.00 and set a “positive” rating on the stock in a research note on Thursday, July 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen 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 $36.33.

About CSX

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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 transports chemicals, agricultural and food products, automotive, minerals, 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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