CSX Co. (NASDAQ:CSX) Shares Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board raised its holdings in CSX Co. (NASDAQ:CSX) by 21.9% in the 1st quarter, HoldingsChannel reports. The fund owned 129,018 shares of the transportation company’s stock after acquiring an additional 23,200 shares during the period. New Mexico Educational Retirement Board’s holdings in CSX were worth $4,832,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CSX. Federated Hermes Inc. raised its holdings in CSX by 251.3% in the 3rd quarter. Federated Hermes Inc. now owns 46,806 shares of the transportation company’s stock valued at $1,439,000 after acquiring an additional 33,482 shares during the last quarter. Mutual Advisors LLC raised its holdings in CSX by 28.7% in the 3rd quarter. Mutual Advisors LLC now owns 9,176 shares of the transportation company’s stock valued at $282,000 after acquiring an additional 2,044 shares during the last quarter. Bank of Nova Scotia raised its holdings in CSX by 50.9% in the 3rd quarter. Bank of Nova Scotia now owns 249,427 shares of the transportation company’s stock valued at $7,670,000 after acquiring an additional 84,183 shares during the last quarter. Teza Capital Management LLC acquired a new position in CSX in the 3rd quarter valued at $298,000. Finally, Gotham Asset Management LLC raised its holdings in CSX by 58.5% in the 3rd quarter. Gotham Asset Management LLC now owns 200,619 shares of the transportation company’s stock valued at $6,169,000 after acquiring an additional 74,072 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of CSX in a research note on Friday, June 7th. They set an “equal weight” rating and a $35.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. UBS Group lowered their price objective on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of CSX in a research note on Thursday, April 18th. Finally, Royal Bank of Canada lowered their price objective on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $37.59.

CSX Stock Up 1.3 %

NASDAQ:CSX traded up $0.42 on Friday, reaching $33.45. The stock had a trading volume of 15,864,930 shares, compared to its average volume of 11,233,274. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average of $33.46 and a 200 day moving average of $35.13. The stock has a market cap of $65.39 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.71 and a beta of 1.19. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. On average, research analysts predict that CSX Co. will post 1.96 earnings per share for the current year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.12 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. CSX’s payout ratio is currently 26.37%.

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.