Blair William & Co. IL decreased its stake in shares of CSX Corp. (NASDAQ:CSX) by 64.5% during the second quarter, Holdings Channel reports. The fund owned 8,045 shares of the company’s stock after selling 14,594 shares during the period. Blair William & Co. IL’s holdings in CSX Corp. were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CSX. State Street Corp boosted its position in CSX Corp. by 3.7% in the first quarter. State Street Corp now owns 39,232,512 shares of the company’s stock valued at $1,010,242,000 after buying an additional 1,398,858 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of CSX Corp. by 20.1% in the first quarter. Wellington Management Group LLP now owns 37,879,182 shares of the company’s stock worth $975,389,000 after buying an additional 6,331,519 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of CSX Corp. by 16.2% in the first quarter. Lazard Asset Management LLC now owns 28,572,157 shares of the company’s stock worth $735,731,000 after buying an additional 3,977,973 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of CSX Corp. by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 27,059,923 shares of the company’s stock worth $696,793,000 after buying an additional 684,835 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in shares of CSX Corp. by 4.8% in the first quarter. BlackRock Group LTD now owns 8,321,448 shares of the company’s stock worth $214,278,000 after buying an additional 384,801 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

CSX Corp. (NASDAQ:CSX) traded down 0.58% during mid-day trading on Tuesday, reaching $29.10. 5,835,234 shares of the company’s stock traded hands. CSX Corp. has a 52 week low of $21.33 and a 52 week high of $30.53. The stock’s 50 day moving average is $28.40 and its 200-day moving average is $26.90. The stock has a market capitalization of $27.53 billion, a PE ratio of 15.88 and a beta of 1.32.

CSX Corp. (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, July 13th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.69 billion. CSX Corp. had a net margin of 16.07% and a return on equity of 15.24%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, equities analysts anticipate that CSX Corp. will post $1.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.18 per share. The ex-dividend date was Monday, August 29th. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. CSX Corp.’s dividend payout ratio is presently 39.13%.

CSX has been the subject of a number of recent research reports. Barclays PLC raised shares of CSX Corp. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $35.00 in a research note on Monday, September 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $29.00 price target on shares of CSX Corp. in a research note on Thursday, July 7th. Wolfe Research raised shares of CSX Corp. from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research note on Tuesday, September 13th. Citigroup Inc. reaffirmed a “buy” rating and set a $29.00 price target on shares of CSX Corp. in a research note on Thursday, July 14th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $32.00 price target on shares of CSX Corp. in a research note on Monday, September 12th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. CSX Corp. presently has a consensus rating of “Hold” and an average target price of $29.54.

About CSX Corp.

CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business.

5 Day Chart for NASDAQ:CSX

Want to see what other hedge funds are holding CSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSX Corp. (NASDAQ:CSX).

Receive News & Ratings for CSX Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX Corp. and related companies with MarketBeat.com's FREE daily email newsletter.