CSX Co. (NASDAQ:CSX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of CSX Co. (NASDAQ:CSXFree Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,051 shares of the transportation company’s stock after selling 16,269 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CSX were worth $9,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSX. Fortitude Family Office LLC acquired a new position in shares of CSX during the 4th quarter worth about $27,000. Life Planning Partners Inc acquired a new position in shares of CSX during the 4th quarter worth about $27,000. Fortis Capital Advisors LLC acquired a new position in shares of CSX during the 4th quarter worth about $27,000. Venturi Wealth Management LLC boosted its position in shares of CSX by 228.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after acquiring an additional 692 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its position in shares of CSX by 897.2% during the 3rd quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock worth $33,000 after acquiring an additional 960 shares in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Price Performance

CSX stock opened at $35.43 on Friday. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The stock’s fifty day simple moving average is $37.14 and its 200-day simple moving average is $34.18. 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 stock has a market capitalization of $69.36 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18.

CSX (NASDAQ:CSXGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. CSX had a return on equity of 30.52% and a net margin of 25.35%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. Equities research analysts expect that CSX Co. will post 1.97 EPS for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.12 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) is 26.09%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Benchmark upped their target price on CSX from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets upped their target price on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. TD Cowen upped their target price on CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. StockNews.com downgraded CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 price objective on shares of CSX in a research note on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.17.

View 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.

See Also

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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