Texas Permanent School Fund Corp Purchases 474 Shares of CSX Co. (NASDAQ:CSX)

Texas Permanent School Fund Corp boosted its position in CSX Co. (NASDAQ:CSX) by 0.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 405,796 shares of the transportation company’s stock after purchasing an additional 474 shares during the period. Texas Permanent School Fund Corp’s holdings in CSX were worth $15,043,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. EP Wealth Advisors LLC boosted its stake in CSX by 414.8% in the third quarter. EP Wealth Advisors LLC now owns 51,534 shares of the transportation company’s stock valued at $1,585,000 after acquiring an additional 41,524 shares during the last quarter. Neo Ivy Capital Management purchased a new position in CSX in the third quarter valued at about $160,000. American Century Companies Inc. boosted its stake in CSX by 25.4% in the third quarter. American Century Companies Inc. now owns 1,169,113 shares of the transportation company’s stock valued at $35,950,000 after acquiring an additional 236,666 shares during the last quarter. Wellington Management Group LLP boosted its stake in CSX by 27.4% in the third quarter. Wellington Management Group LLP now owns 83,800 shares of the transportation company’s stock valued at $2,577,000 after acquiring an additional 18,043 shares during the last quarter. Finally, Fortis Group Advisors LLC purchased a new position in CSX in the third quarter valued at about $93,000. 73.57% of the stock is owned by institutional investors.

CSX Price Performance

Shares of NASDAQ:CSX traded up $0.07 during trading on Friday, reaching $33.81. The company had a trading volume of 327,995 shares, compared to its average volume of 11,770,466. The company has a fifty day moving average of $33.37 and a two-hundred day moving average of $35.07. The stock has a market capitalization of $66.10 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.20. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. Equities research analysts forecast that CSX Co. will post 1.95 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, August 30th. CSX’s dividend payout ratio is currently 26.37%.

Analyst Ratings Changes

A number of research firms have weighed in on CSX. Royal Bank of Canada dropped their target price on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. Wells Fargo & Company began coverage on shares of CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 target price on the stock. Benchmark restated a “buy” rating and set a $40.00 price target on shares of CSX in a research note on Thursday, April 18th. Bank of America cut shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Monday. Finally, Stifel Nicolaus upped their price target on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average target price of $37.39.

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.