Healthcare of Ontario Pension Plan Trust Fund Sells 991,524 Shares of CSX Co. (NASDAQ:CSX)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of CSX Co. (NASDAQ:CSX) by 53.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 862,551 shares of the transportation company’s stock after selling 991,524 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CSX were worth $29,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley Wealth Managers Inc. boosted its position in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of CSX during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new position in shares of CSX during the second quarter valued at approximately $27,000. Fairscale Capital LLC purchased a new position in shares of CSX during the second quarter valued at approximately $32,000. Finally, Morton Brown Family Wealth LLC purchased a new position in shares of CSX during the third quarter valued at approximately $31,000. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

Shares of NASDAQ CSX opened at $36.58 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $70.54 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.32 and a beta of 1.19. The stock’s 50-day simple moving average is $34.64 and its two-hundred day simple moving average is $33.99. CSX Co. has a twelve month low of $31.65 and a twelve month high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. CSX’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities analysts anticipate that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. CSX’s dividend payout ratio (DPR) is presently 25.81%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CSX. JPMorgan Chase & Co. lifted their target price on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Barclays boosted their price objective on CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets cut their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Royal Bank of Canada cut their price objective on CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Finally, Wells Fargo & Company dropped their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.78.

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.