CSX Co. (NASDAQ:CSX) Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC trimmed its position in CSX Co. (NASDAQ:CSXFree Report) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,315 shares of the transportation company’s stock after selling 549 shares during the period. Evergreen Capital Management LLC’s holdings in CSX were worth $286,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Value Partners Investments Inc. acquired a new position in CSX during the third quarter worth $1,172,000. Prospera Financial Services Inc grew its position in CSX by 36.6% during the second quarter. Prospera Financial Services Inc now owns 24,343 shares of the transportation company’s stock worth $831,000 after buying an additional 6,527 shares during the period. National Bank of Canada FI grew its holdings in shares of CSX by 142.9% in the 3rd quarter. National Bank of Canada FI now owns 3,278,601 shares of the transportation company’s stock worth $100,147,000 after acquiring an additional 1,928,891 shares during the period. Homestead Advisers Corp boosted its position in CSX by 1.6% during the third quarter. Homestead Advisers Corp now owns 2,399,536 shares of the transportation company’s stock worth $73,786,000 after purchasing an additional 37,400 shares in the last quarter. Finally, ClearBridge Investments Ltd increased its position in shares of CSX by 11.9% in the third quarter. ClearBridge Investments Ltd now owns 3,462,558 shares of the transportation company’s stock valued at $106,474,000 after buying an additional 367,048 shares in the last quarter. Hedge funds and other institutional investors own 72.76% of the company’s stock.

CSX Stock Down 0.4 %

Shares of NASDAQ CSX opened at $37.92 on Friday. The stock has a market capitalization of $74.29 billion, a PE ratio of 20.61, a P/E/G ratio of 2.21 and a beta of 1.18. The company has a quick ratio of 0.91, a current ratio of 1.05 and a debt-to-equity ratio of 1.48. The firm has a fifty day moving average of $36.14 and a 200-day moving average of $33.09. CSX Co. has a 52-week low of $27.60 and a 52-week high of $40.12.

CSX (NASDAQ:CSXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.63 billion. CSX had a return on equity of 30.52% and a net margin of 25.35%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, analysts anticipate that CSX Co. will post 1.96 EPS for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 29th will be issued a $0.12 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.11. The ex-dividend date is Wednesday, February 28th. This represents a $0.48 annualized dividend and a yield of 1.27%. CSX’s dividend payout ratio (DPR) is presently 26.09%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSX. JPMorgan Chase & Co. dropped their target price on shares of CSX from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of CSX in a research note on Thursday, January 25th. TD Cowen upped their price objective on CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Stifel Nicolaus dropped their price objective on CSX from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Finally, Susquehanna upgraded shares of CSX from a “neutral” rating to a “positive” rating in a report on Monday, January 8th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.24.

Check Out Our Latest Stock Analysis on CSX

CSX Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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