CSX Co. (NASDAQ:CSX) Shares Sold by FCA Corp TX

FCA Corp TX lowered its stake in shares of CSX Co. (NASDAQ:CSX) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,339 shares of the transportation company’s stock after selling 1,222 shares during the quarter. CSX comprises approximately 1.2% of FCA Corp TX’s investment portfolio, making the stock its 29th largest holding. FCA Corp TX’s holdings in CSX were worth $3,851,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CSX. Bank of New York Mellon Corp boosted its position in CSX by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock valued at $753,507,000 after buying an additional 6,730,316 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in CSX in the fourth quarter valued at approximately $85,959,000. Perpetual Ltd purchased a new stake in CSX in the fourth quarter valued at approximately $83,301,000. River Road Asset Management LLC purchased a new stake in CSX in the fourth quarter valued at approximately $46,861,000. Finally, FMR LLC boosted its position in CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after buying an additional 1,447,651 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 1.4 %

NASDAQ CSX opened at $29.57 on Friday. The business has a fifty day moving average price of $32.03 and a 200 day moving average price of $33.35. CSX Co. has a one year low of $28.98 and a one year high of $37.40. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The company has a market cap of $56.02 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Research analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.76%. CSX’s dividend payout ratio (DPR) is 29.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Citigroup lowered their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Robert W. Baird lowered their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Raymond James restated an “outperform” rating and issued a $37.00 price objective (down previously from $38.00) on shares of CSX in a research report on Friday, January 24th. Finally, BMO Capital Markets lowered their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.