Hartland & Co. LLC lessened its stake in shares of CSX Co. (NASDAQ:CSX) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,758 shares of the transportation company’s stock after selling 836 shares during the quarter. Hartland & Co. LLC’s holdings in CSX were worth $877,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of CSX during the 2nd quarter worth about $376,000. Sentry Investments Corp. bought a new position in shares of CSX during the 1st quarter worth about $5,508,000. State of Alaska Department of Revenue boosted its position in shares of CSX by 12.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 128,747 shares of the transportation company’s stock worth $8,209,000 after purchasing an additional 14,610 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of CSX during the 1st quarter worth about $532,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of CSX by 120.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 3,533 shares of the transportation company’s stock worth $197,000 after purchasing an additional 1,933 shares in the last quarter. 76.86% of the stock is currently owned by institutional investors.
NASDAQ:CSX opened at $73.16 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.66 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $62.17 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 1.52 and a beta of 1.22. CSX Co. has a 52 week low of $48.11 and a 52 week high of $73.98.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a $0.22 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.88 annualized dividend and a yield of 1.20%. CSX’s dividend payout ratio (DPR) is 38.26%.
A number of equities research analysts recently weighed in on CSX shares. BidaskClub upgraded shares of CSX from a “hold” rating to a “buy” rating in a report on Wednesday, July 4th. Deutsche Bank set a $79.00 target price on shares of CSX and gave the stock a “buy” rating in a report on Friday, June 8th. Credit Suisse Group upped their target price on shares of CSX from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, April 18th. Zacks Investment Research upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, June 19th. Finally, UBS Group set a $82.00 target price on shares of CSX and gave the stock a “buy” rating in a report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.45.
CSX Company Profile
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
See Also: Outstanding Shares
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