Teachers Advisors LLC lowered its position in shares of CSX Co. (NASDAQ:CSX) by 31.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,861,170 shares of the transportation company’s stock after selling 859,849 shares during the quarter. Teachers Advisors LLC owned about 0.21% of CSX worth $102,383,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of CSX. First Command Financial Services Inc. boosted its holdings in CSX by 130.0% in the 4th quarter. First Command Financial Services Inc. now owns 2,123 shares of the transportation company’s stock worth $117,000 after acquiring an additional 1,200 shares during the period. Prentiss Smith & Co. Inc. purchased a new position in CSX in the 4th quarter worth approximately $119,000. Icon Wealth Partners LLC purchased a new position in CSX in the 4th quarter worth approximately $126,000. Front Row Advisors LLC purchased a new position in CSX in the 4th quarter worth approximately $135,000. Finally, Pinebridge Investments L.P. boosted its holdings in CSX by 93.7% in the 4th quarter. Pinebridge Investments L.P. now owns 3,384 shares of the transportation company’s stock worth $186,000 after acquiring an additional 1,637 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.
Shares of CSX Co. (NASDAQ:CSX) opened at $57.48 on Wednesday. The stock has a market capitalization of $51,095.93, a PE ratio of 9.47, a P/E/G ratio of 1.39 and a beta of 1.27. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.01 and a quick ratio of 0.81. CSX Co. has a one year low of $45.41 and a one year high of $60.04.
CSX announced that its board has authorized a share buyback program on Monday, February 12th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.53%. CSX’s dividend payout ratio (DPR) is 14.50%.
A number of equities analysts have weighed in on CSX shares. BidaskClub upgraded CSX from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. UBS Group set a $68.00 price target on CSX and gave the stock a “buy” rating in a report on Sunday, December 3rd. Zacks Investment Research upgraded CSX from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Friday, January 19th. Morgan Stanley set a $51.00 price target on CSX and gave the stock a “sell” rating in a report on Wednesday, January 17th. Finally, Royal Bank of Canada upped their price target on CSX from $59.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $60.71.
WARNING: “Teachers Advisors LLC Decreases Stake in CSX Co. (CSX)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/03/14/teachers-advisors-llc-decreases-stake-in-csx-co-csx.html.
CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.
Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.