MGO One Seven LLC Sells 379 Shares of CSX Co. (NASDAQ:CSX)

MGO One Seven LLC reduced its stake in CSX Co. (NASDAQ:CSX) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,138 shares of the transportation company’s stock after selling 379 shares during the quarter. MGO One Seven LLC’s holdings in CSX were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company’s stock worth $3,794,000 after acquiring an additional 15,029 shares during the last quarter. Diversified Trust Co lifted its stake in CSX by 180.7% during the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after purchasing an additional 46,473 shares during the last quarter. Marshall Financial Group LLC bought a new stake in CSX during the fourth quarter worth about $1,084,000. Carnegie Investment Counsel boosted its holdings in shares of CSX by 1.4% in the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock worth $19,751,000 after purchasing an additional 8,474 shares in the last quarter. Finally, Waycross Partners LLC increased its position in shares of CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company’s stock valued at $19,990,000 after purchasing an additional 40,611 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Down 1.1 %

Shares of NASDAQ CSX opened at $27.84 on Friday. The firm has a fifty day simple moving average of $29.52 and a two-hundred day simple moving average of $32.27. The firm has a market capitalization of $52.30 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Equities analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.87%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. CSX’s dividend payout ratio is presently 31.14%.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group cut their target price on CSX from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Evercore ISI cut their price objective on shares of CSX from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Benchmark reaffirmed a “buy” rating and set a $35.00 target price on shares of CSX in a report on Thursday, April 17th. Jefferies Financial Group lowered their price target on shares of CSX from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus reduced their price objective on CSX from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.95.

About CSX

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.