Sentry Investment Management LLC cut its stake in shares of CSX Co. (NASDAQ:CSX) by 59.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,146 shares of the transportation company’s stock after selling 13,452 shares during the quarter. Sentry Investment Management LLC’s holdings in CSX were worth $677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cubist Systematic Strategies LLC boosted its holdings in CSX by 120.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 3,533 shares of the transportation company’s stock valued at $197,000 after purchasing an additional 1,933 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of CSX by 12.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 128,747 shares of the transportation company’s stock worth $8,209,000 after acquiring an additional 14,610 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of CSX by 2.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 169,679 shares of the transportation company’s stock worth $10,822,000 after acquiring an additional 4,219 shares during the last quarter. Bremer Trust National Association bought a new stake in shares of CSX during the 2nd quarter worth $281,000. Finally, Chesley Taft & Associates LLC bought a new stake in shares of CSX during the 2nd quarter worth $210,000. 76.20% of the stock is owned by hedge funds and other institutional investors.

CSX has been the subject of a number of research analyst reports. TD Securities lifted their price objective on shares of CSX from $68.00 to $71.00 and gave the stock a “$69.00” rating in a report on Wednesday, July 18th. Raymond James lifted their price objective on shares of CSX from $70.00 to $75.00 and gave the stock a “$69.00” rating in a report on Wednesday, July 18th. Cowen reaffirmed a “$69.00” rating and set a $74.00 price objective on shares of CSX in a report on Wednesday, July 18th. BidaskClub raised shares of CSX from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Finally, Stifel Nicolaus lifted their price objective on shares of CSX from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.60.

Shares of NASDAQ:CSX opened at $70.66 on Friday. The firm has a market capitalization of $61.06 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.27. CSX Co. has a 52 week low of $48.26 and a 52 week high of $76.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.43.

CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, October 16th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.05 billion. CSX had a net margin of 55.19% and a return on equity of 21.38%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. As a group, equities analysts forecast that CSX Co. will post 3.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 29th. CSX’s payout ratio is presently 38.26%.

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CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

See Also: Cost of Debt

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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