Cbre Investment Management Listed Real Assets LLC Decreases Holdings in CSX Corporation $CSX

Cbre Investment Management Listed Real Assets LLC decreased its position in shares of CSX Corporation (NASDAQ:CSX) by 65.1% in the 1st quarter, Holdings Channel reports. The fund owned 1,497,603 shares of the transportation company’s stock after selling 2,797,461 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in CSX were worth $44,074,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CSX. Brighton Jones LLC grew its stake in shares of CSX by 5.5% during the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock worth $525,000 after acquiring an additional 849 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of CSX by 45.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 301,144 shares of the transportation company’s stock worth $9,718,000 after acquiring an additional 94,468 shares during the period. Coppell Advisory Solutions LLC grew its stake in shares of CSX by 31.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 3,282 shares of the transportation company’s stock worth $106,000 after acquiring an additional 779 shares during the period. Burling Wealth Partners LLC bought a new position in shares of CSX during the 4th quarter worth $325,000. Finally, Capital Analysts LLC grew its stake in shares of CSX by 39.9% during the 4th quarter. Capital Analysts LLC now owns 8,429 shares of the transportation company’s stock worth $272,000 after acquiring an additional 2,402 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX opened at $34.58 on Friday. The company has a market cap of $64.47 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.68 and a beta of 1.25. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $34.33 and a 200-day moving average price of $31.67. CSX Corporation has a 12-month low of $26.22 and a 12-month high of $37.25.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.57 billion. CSX had a return on equity of 25.48% and a net margin of 21.92%.The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. As a group, equities analysts forecast that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.5%. CSX’s dividend payout ratio (DPR) is 32.10%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CSX shares. Benchmark upped their price target on CSX from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Wall Street Zen cut shares of CSX from a “hold” rating to a “sell” rating in a research note on Friday. Robert W. Baird increased their target price on shares of CSX from $38.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Thursday, July 24th. Finally, BMO Capital Markets lowered CSX from an “outperform” rating to a “market perform” rating and set a $38.00 price objective for the company. in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

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.