Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in shares of CSX Co. (NASDAQ:CSX) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,635 shares of the transportation company’s stock after selling 14,635 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in CSX were worth $8,746,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Sepio Capital LLC raised its holdings in shares of CSX by 1.0% during the fourth quarter. Sepio Capital LLC now owns 14,077 shares of the transportation company’s stock valued at $1,019,000 after purchasing an additional 133 shares during the period. Augustine Asset Management Inc. grew its stake in shares of CSX by 0.5% in the 4th quarter. Augustine Asset Management Inc. now owns 29,100 shares of the transportation company’s stock valued at $2,106,000 after buying an additional 133 shares during the period. Asset Dedication LLC increased its position in CSX by 22.3% in the 4th quarter. Asset Dedication LLC now owns 734 shares of the transportation company’s stock valued at $52,000 after buying an additional 134 shares in the last quarter. Brinker Capital Inc. increased its position in CSX by 0.7% in the 4th quarter. Brinker Capital Inc. now owns 21,267 shares of the transportation company’s stock valued at $1,539,000 after buying an additional 156 shares in the last quarter. Finally, Sfmg LLC raised its stake in CSX by 0.3% during the 4th quarter. Sfmg LLC now owns 68,720 shares of the transportation company’s stock worth $4,973,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 73.08% of the company’s stock.
NASDAQ CSX traded up $0.73 during trading hours on Friday, reaching $68.53. 2,721,667 shares of the company were exchanged, compared to its average volume of 4,665,264. The stock has a market capitalization of $51.90 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.39. CSX Co. has a 1 year low of $46.81 and a 1 year high of $80.62. The business’s 50 day simple moving average is $63.07 and its 200-day simple moving average is $69.10.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, May 28th. CSX’s dividend payout ratio (DPR) is 24.94%.
Several research firms have recently commented on CSX. Wells Fargo & Co boosted their price objective on CSX from $66.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday. Stifel Nicolaus restated a “buy” rating and set a $71.00 price target on shares of CSX in a research note on Monday, April 6th. Cowen reaffirmed a “neutral” rating on shares of CSX in a research note on Thursday, April 23rd. Evercore ISI started coverage on shares of CSX in a research report on Thursday, March 26th. They set an “outperform” rating and a $68.00 target price for the company. Finally, Royal Bank of Canada restated a “neutral” rating on shares of CSX in a report on Wednesday, March 18th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $72.43.
In other CSX news, Director Paul C. Hilal sold 700,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $68.31, for a total value of $47,817,000.00. Following the sale, the director now directly owns 10,489 shares in the company, valued at $716,503.59. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.58% of the company’s stock.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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