CSX Co. (NASDAQ:CSX) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC decreased its position in CSX Co. (NASDAQ:CSX) by 5.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,554 shares of the transportation company’s stock after selling 450 shares during the period. Court Place Advisors LLC’s holdings in CSX were worth $262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CSX. Moneta Group Investment Advisors LLC raised its position in shares of CSX by 101,926.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,323,241 shares of the transportation company’s stock worth $722,554,000 after purchasing an additional 23,300,381 shares during the period. Norges Bank acquired a new stake in shares of CSX during the fourth quarter worth $621,349,000. First Trust Advisors LP raised its position in shares of CSX by 558.0% during the first quarter. First Trust Advisors LP now owns 6,800,925 shares of the transportation company’s stock worth $203,620,000 after purchasing an additional 5,767,302 shares during the period. Arrowstreet Capital Limited Partnership raised its position in CSX by 395.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,208,520 shares of the transportation company’s stock valued at $195,059,000 after buying an additional 4,158,204 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in CSX by 416.8% during the third quarter. Assenagon Asset Management S.A. now owns 5,070,296 shares of the transportation company’s stock valued at $155,912,000 after buying an additional 4,089,150 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BMO Capital Markets upped their price target on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Benchmark upped their price target on CSX from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Jefferies Financial Group assumed coverage on CSX in a research report on Monday, April 8th. They set a “hold” rating and a $40.00 price target on the stock. Finally, Raymond James upped their price target on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $37.28.

CSX Stock Down 2.0 %

Shares of CSX traded down $0.68 during trading hours on Wednesday, hitting $34.16. 24,336,209 shares of the company were exchanged, compared to its average volume of 11,922,829. The company has a market cap of $66.87 billion, a PE ratio of 18.93, a PEG ratio of 2.03 and a beta of 1.18. The firm’s 50 day moving average is $37.04 and its 200-day moving average is $34.32. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05.

CSX (NASDAQ:CSX) last released its quarterly earnings results 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. The company 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 revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. On average, equities research analysts forecast that CSX Co. will post 1.97 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio is 26.09%.

CSX 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.