Oregon Public Employees Retirement Fund Sells 660 Shares of CSX Co. (NASDAQ:CSX)

Oregon Public Employees Retirement Fund trimmed its position in CSX Co. (NASDAQ:CSX) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,272 shares of the transportation company’s stock after selling 660 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in CSX were worth $5,333,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Sabal Trust CO increased its stake in CSX by 91.0% in the fourth quarter. Sabal Trust CO now owns 33,513 shares of the transportation company’s stock valued at $1,081,000 after acquiring an additional 15,968 shares during the last quarter. National Pension Service increased its stake in CSX by 1.4% in the fourth quarter. National Pension Service now owns 4,832,346 shares of the transportation company’s stock valued at $155,940,000 after acquiring an additional 69,028 shares during the last quarter. Cutter & CO Brokerage Inc. increased its stake in CSX by 952.1% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 87,093 shares of the transportation company’s stock valued at $2,810,000 after acquiring an additional 78,815 shares during the last quarter. FourThought Financial Partners LLC increased its stake in CSX by 2.1% in the fourth quarter. FourThought Financial Partners LLC now owns 94,506 shares of the transportation company’s stock valued at $3,050,000 after acquiring an additional 1,951 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in CSX by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock valued at $753,507,000 after buying an additional 6,730,316 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Price Performance

CSX stock opened at $31.98 on Thursday. The firm has a market cap of $61.67 billion, a price-to-earnings ratio of 17.87, a PEG 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 12-month low of $31.43 and a 12-month high of $38.61. The company’s fifty day simple moving average is $32.59 and its 200 day simple moving average is $33.72.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.13 dividend. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, February 28th. CSX’s payout ratio is 29.05%.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of research analyst reports. Citigroup cut their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Benchmark restated a “buy” rating and issued a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Susquehanna cut their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Raymond James restated an “outperform” rating and issued a $37.00 target price (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Finally, Royal Bank of Canada cut their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.16.

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.