Clearbridge Investments LLC lessened its position in shares of CSX Co. (NASDAQ:CSX) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the transportation company’s stock after selling 801 shares during the quarter. Clearbridge Investments LLC’s holdings in CSX were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Brinker Capital Inc. grew its holdings in shares of CSX by 0.7% during the 4th quarter. Brinker Capital Inc. now owns 21,267 shares of the transportation company’s stock worth $1,539,000 after purchasing an additional 156 shares in the last quarter. IHT Wealth Management LLC boosted its stake in CSX by 1.6% in the 1st quarter. IHT Wealth Management LLC now owns 10,545 shares of the transportation company’s stock valued at $604,000 after buying an additional 163 shares in the last quarter. ACG Wealth boosted its stake in CSX by 2.3% in the 4th quarter. ACG Wealth now owns 7,920 shares of the transportation company’s stock valued at $573,000 after buying an additional 175 shares in the last quarter. Wealthspire Advisors L.P. boosted its stake in CSX by 4.4% in the 4th quarter. Wealthspire Advisors L.P. now owns 4,180 shares of the transportation company’s stock valued at $302,000 after buying an additional 178 shares in the last quarter. Finally, Tiedemann Advisors LLC boosted its stake in CSX by 3.7% in the 4th quarter. Tiedemann Advisors LLC now owns 5,017 shares of the transportation company’s stock valued at $363,000 after buying an additional 178 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors.

NASDAQ:CSX opened at $68.50 on Tuesday. CSX Co. has a 1 year low of $46.81 and a 1 year high of $80.62. The company has a current ratio of 1.73, a quick ratio of 1.61 and a debt-to-equity ratio of 1.39. The stock has a market cap of $50.45 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.59 and a beta of 1.24. The stock has a 50-day moving average price of $69.07 and a two-hundred day moving average price of $68.87.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. CSX had a return on equity of 27.27% and a net margin of 27.74%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the previous year, the firm earned $1.02 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. Sell-side analysts forecast that CSX Co. will post 3.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.26 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.52%. CSX’s payout ratio is 24.94%.

Several analysts recently commented on CSX shares. Argus boosted their price target on CSX from $72.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Morgan Stanley boosted their price target on CSX from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. TD Securities boosted their price target on CSX from $59.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Wells Fargo & Co lifted their price objective on CSX from $66.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Finally, Raymond James cut their price objective on CSX from $80.00 to $71.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Fifteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. CSX currently has an average rating of “Hold” and an average price target of $73.29.

In other news, Director Paul C. Hilal sold 700,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $68.31, for a total transaction of $47,817,000.00. Following the completion of the transaction, the director now directly owns 10,489 shares of the company’s stock, valued at $716,503.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Kenneth Wallace sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $72.79, for a total value of $1,455,800.00. Following the transaction, the executive vice president now directly owns 58,252 shares of the company’s stock, valued at $4,240,163.08. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.

About CSX

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

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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