CSX Corporation $CSX Shares Sold by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC cut its stake in CSX Corporation (NASDAQ:CSX) by 42.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 542,675 shares of the transportation company’s stock after selling 402,271 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in CSX were worth $19,672,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FNY Investment Advisers LLC lifted its stake in CSX by 437.3% in the 3rd quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock worth $25,000 after purchasing an additional 586 shares in the last quarter. WFA of San Diego LLC purchased a new position in CSX in the 2nd quarter worth approximately $28,000. Aventura Private Wealth LLC purchased a new position in CSX in the 4th quarter worth approximately $63,000. Sunbelt Securities Inc. purchased a new position in CSX in the 3rd quarter worth approximately $67,000. Finally, Torren Management LLC purchased a new position in CSX in the 4th quarter worth approximately $81,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CSX

In related news, CEO Stephen F. Angel bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of $40.27 per share, with a total value of $1,006,750.00. Following the completion of the transaction, the chief executive officer owned 146,540 shares of the company’s stock, valued at $5,901,165.80. The trade was a 20.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

CSX Trading Up 1.3%

NASDAQ CSX opened at $45.86 on Tuesday. The firm has a market cap of $85.21 billion, a PE ratio of 28.13, a P/E/G ratio of 2.35 and a beta of 1.24. CSX Corporation has a one year low of $30.85 and a one year high of $47.17. The firm’s fifty day moving average is $43.52 and its two-hundred day moving average is $39.82. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.83 and a current ratio of 0.97.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.50 billion. CSX had a net margin of 21.55% and a return on equity of 24.47%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. Analysts expect that CSX Corporation will post 1.9 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. CSX’s payout ratio is currently 34.36%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSX. Raymond James Financial raised their price target on shares of CSX from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of CSX from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Bank of America raised their price target on shares of CSX from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Robert W. Baird raised their price target on shares of CSX from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Finally, Stephens lifted their target price on shares of CSX from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, April 6th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.98.

CSX Company Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.