California State Teachers Retirement System Has $95.82 Million Stake in CSX Co. (NASDAQ:CSX)

California State Teachers Retirement System cut its stake in CSX Co. (NASDAQ:CSX) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,969,386 shares of the transportation company’s stock after selling 173,970 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of CSX worth $95,822,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of CSX during the 4th quarter worth $27,000. SBI Securities Co. Ltd. bought a new stake in shares of CSX in the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new position in shares of CSX during the 4th quarter worth approximately $33,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of CSX by 219.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company’s stock valued at $34,000 after buying an additional 714 shares during the period. Finally, Center for Financial Planning Inc. raised its holdings in CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after buying an additional 720 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on CSX shares. Stifel Nicolaus reduced their price target on shares of CSX from $37.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Susquehanna reduced their price target on shares of CSX from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada reduced their price objective on CSX from $31.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 17th. Barclays dropped their price objective on CSX from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Stephens reaffirmed an “overweight” rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.86.

CSX Stock Performance

Shares of CSX stock opened at $27.87 on Tuesday. The company has a 50 day moving average price of $29.43 and a 200-day moving average price of $32.21. The firm has a market capitalization of $52.36 billion, a PE ratio of 15.57, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities research analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.87%. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. CSX’s dividend payout ratio is currently 31.14%.

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.