Public Employees Retirement System of Ohio Sells 50,251 Shares of CSX Co. (NASDAQ:CSX)

Public Employees Retirement System of Ohio lowered its position in CSX Co. (NASDAQ:CSX) by 5.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 830,070 shares of the transportation company’s stock after selling 50,251 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CSX were worth $26,786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSX. Ameritas Advisory Services LLC lifted its stake in shares of CSX by 88.5% during the 4th quarter. Ameritas Advisory Services LLC now owns 11,250 shares of the transportation company’s stock valued at $363,000 after buying an additional 5,281 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of CSX by 37.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 130,273 shares of the transportation company’s stock worth $4,204,000 after acquiring an additional 35,206 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of CSX by 69.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,179,081 shares of the transportation company’s stock worth $38,049,000 after acquiring an additional 482,277 shares during the period. Wesbanco Bank Inc. grew its position in shares of CSX by 4.5% in the fourth quarter. Wesbanco Bank Inc. now owns 62,477 shares of the transportation company’s stock valued at $2,016,000 after purchasing an additional 2,672 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in CSX by 9.2% during the 4th quarter. Inspire Investing LLC now owns 37,342 shares of the transportation company’s stock worth $1,205,000 after purchasing an additional 3,147 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

NASDAQ:CSX opened at $30.82 on Friday. The company has a market capitalization of $57.90 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.92 and a beta of 1.22. The business has a 50 day moving average of $28.91 and a 200 day moving average of $31.69. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. On average, sell-side analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.69%. CSX’s dividend payout ratio (DPR) is currently 31.14%.

Analyst Upgrades and Downgrades

CSX has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a research report on Friday, March 7th. They set a “hold” rating and a $34.00 price target on the stock. BMO Capital Markets reduced their price objective on shares of CSX from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Evercore ISI lowered their target price on shares of CSX from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Robert W. Baird reduced their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Finally, UBS Group decreased their price target on shares of CSX from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.90.

About CSX

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.