Tredje AP fonden Has $20.06 Million Position in CSX Co. (NASDAQ:CSX)

Tredje AP fonden trimmed its position in shares of CSX Co. (NASDAQ:CSX) by 19.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 599,601 shares of the transportation company’s stock after selling 148,500 shares during the quarter. Tredje AP fonden’s holdings in CSX were worth $20,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Western Wealth Management LLC grew its holdings in CSX by 0.8% during the 2nd quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company’s stock worth $1,208,000 after acquiring an additional 295 shares during the last quarter. TriaGen Wealth Management LLC increased its holdings in CSX by 2.7% in the second quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company’s stock valued at $385,000 after purchasing an additional 300 shares during the period. Miracle Mile Advisors LLC raised its position in CSX by 0.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock worth $3,839,000 after purchasing an additional 303 shares during the last quarter. Team Hewins LLC lifted its holdings in CSX by 1.7% during the 1st quarter. Team Hewins LLC now owns 18,778 shares of the transportation company’s stock worth $696,000 after buying an additional 306 shares during the period. Finally, Zions Bancorporation N.A. grew its position in shares of CSX by 4.8% in the 2nd quarter. Zions Bancorporation N.A. now owns 6,985 shares of the transportation company’s stock valued at $234,000 after buying an additional 322 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

CSX opened at $34.07 on Wednesday. The company has a market cap of $66.60 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.77 and a beta of 1.19. The company’s fifty day moving average price is $33.95 and its two-hundred day moving average price is $34.42. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. On average, analysts expect that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.41%. CSX’s payout ratio is 26.37%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CSX shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $36.00 price objective on shares of CSX in a research note on Tuesday, August 6th. Wells Fargo & Company started coverage on shares of CSX in a research note on Friday, June 7th. They set an “equal weight” rating and a $35.00 target price for the company. Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of CSX in a research report on Tuesday, August 6th. Evercore ISI upgraded CSX to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of CSX in a research note on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.80.

CSX 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.