(NASDAQ:CSX) by 7.7% in the 4th quarter, HoldingsChannel reports. California Public Employees Retirement System now owns 2,359,591 shares of the transportation company's stock worth $129,801,000 after purchasing an additional 78,041 shares during the period. (NASDAQ:CSX) by 18.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The original version of this piece can be read at https://theenterpriseleader.com/2018/02/24/csx-co-csx-shares-sold-by-sei-investments-co.html. Valeo Financial Advisors LLC bought a new stake in shares of CSX in the 3rd quarter worth approximately $196,000. Sirios Capital Management L P grew its position in shares of CSX by 265.0% in the 4th quarter. Wedbush Securities Inc. now owns 14,569 shares of the transportation company's stock valued at $801,000 after buying an additional 1,729 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of CSX during the third quarter valued at about $308,000. APG Asset Management N.V. now owns 3,218,644 shares of the transportation company's stock worth $147,450,000 after acquiring an additional 644,500 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in shares of CSX by 31.3% in the third quarter. First Command Financial Services Inc. now owns 2,123 shares of the transportation company's stock valued at $117,000 after purchasing an additional 1,200 shares in the last quarter. The institutional investor held 67,150 shares of the railroads company at the end of 2017Q3, valued at $3.64 million, down from 74,950 at the end of the previous reported quarter.
In related news, Director Gary Keith Anderson purchased 5,000 shares of CSX stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average price of $2,300.00 per share, for a total transaction of $11,500,000.00. Cowen & Co maintained the shares of CSX in report on Friday, July 15 with "Market Perform" rating.
CSX (NASDAQ:CSX) traded up $0.85 during mid-day trading on Friday, reaching $55.84. CSX Co. has a 1 year low of $45.41 and a 1 year high of $60.04. The firm has a market capitalization of $48,762.50, a PE ratio of 23.90, a P/E/G ratio of 1.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.01 and a quick ratio of 0.81. The institutional investor held 281,480 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $6.81M, up from 125,475 at the end of the previous reported quarter. CSX had a return on equity of 17.16% and a net margin of 47.96%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the firm earned $0.49 EPS. sell-side analysts predict that CSX Co. will post 3.1 earnings per share for the current fiscal year.
CSX declared that its board has authorized a stock buyback plan on Monday, February 12th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.22 dividend. The ex-dividend date is Wednesday, February 28th. After $0.64 actual EPS reported by CSX Corporation for the previous quarter, Wall Street now forecasts 6.25% EPS growth. The stock decreased 0.91% or $0.01 during the last trading session, reaching $1.09. CSX's dividend payout ratio (DPR) is now 13.18%. Argus Research maintained the shares of CSX in report on Tuesday, January 19 with "Buy" rating. Zacks Investment Research upgraded CSX from a sell rating to a hold rating in a research note on Thursday, October 12th. BidaskClub lowered shares of CSX from a "hold" rating to a "sell" rating in a research note on Monday, February 5th. Goldman Sachs Group started coverage on shares of CSX in a research report on Monday, November 13th. Finally, Citigroup reiterated a "buy" rating and set a $64.00 price target on shares of CSX in a research report on Wednesday, January 17th. Baird restated a buy rating and set a $59.00 target price on shares of CSX in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of "Buy" and a consensus price target of $60.23.
Barnett & Company Inc decreased its stake in Csx Corp (CSX) by 25.99% based on its latest 2017Q3 regulatory filing with the SEC. 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.
Several other hedge funds have also recently made changes to their positions in the company.