TFG Advisers LLC Sells 955 Shares of CSX Co. (NASDAQ:CSX)

TFG Advisers LLC reduced its stake in shares of CSX Co. (NASDAQ:CSXFree Report) by 13.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,006 shares of the transportation company’s stock after selling 955 shares during the quarter. TFG Advisers LLC’s holdings in CSX were worth $208,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Carolinas Wealth Consulting LLC boosted its stake in CSX by 4.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 12,847 shares of the transportation company’s stock valued at $445,000 after acquiring an additional 567 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in CSX in the fourth quarter valued at approximately $210,000. United Community Bank bought a new position in CSX in the fourth quarter valued at approximately $1,006,000. Eagle Asset Management Inc. raised its holdings in CSX by 26.9% in the fourth quarter. Eagle Asset Management Inc. now owns 20,596 shares of the transportation company’s stock worth $714,000 after purchasing an additional 4,363 shares during the period. Finally, ORBA Wealth Advisors L.L.C. acquired a new stake in CSX in the fourth quarter worth $315,000. 73.57% of the stock is owned by institutional investors.

CSX Price Performance

CSX stock opened at $33.02 on Tuesday. The firm has a 50 day moving average of $34.56 and a 200-day moving average of $35.11. The firm has a market capitalization of $64.55 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 1.75 and a beta of 1.19. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12.

CSX (NASDAQ:CSXGet Free Report) last announced its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. CSX’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. As a group, sell-side analysts predict that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, May 31st. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Ratings Changes

Several research firms have weighed in on CSX. Royal Bank of Canada cut their target price on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Jefferies Financial Group decreased their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of CSX in a research report on Thursday, April 18th. Susquehanna lifted their price objective on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research report on Thursday, March 28th. Finally, Bank of America reduced their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.00.

Check Out Our Latest Analysis on CSX

About CSX

(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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