CSX Co. (NASDAQ:CSX) Shares Sold by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. cut its position in CSX Co. (NASDAQ:CSX) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,675 shares of the transportation company’s stock after selling 1,700 shares during the period. Valley Brook Capital Group Inc.’s holdings in CSX were worth $855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CSX. Lazard Asset Management LLC lifted its holdings in CSX by 10.4% in the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock valued at $897,624,000 after purchasing an additional 2,748,738 shares in the last quarter. Morgan Stanley raised its position in shares of CSX by 3.1% in the third quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after buying an additional 739,411 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of CSX by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 22,378,276 shares of the transportation company’s stock worth $775,855,000 after buying an additional 470,640 shares in the last quarter. Northern Trust Corp boosted its position in CSX by 1.4% during the third quarter. Northern Trust Corp now owns 21,307,242 shares of the transportation company’s stock worth $655,198,000 after acquiring an additional 303,684 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in CSX by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,082,663 shares of the transportation company’s stock valued at $340,792,000 after acquiring an additional 56,856 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Up 0.8 %

CSX stock traded up $0.28 during trading on Friday, hitting $33.85. The company had a trading volume of 6,618,097 shares, compared to its average volume of 14,806,096. The stock has a market cap of $66.17 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.03 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 1-year low of $29.03 and a 1-year high of $40.12. The company’s 50 day simple moving average is $36.23 and its 200-day simple moving average is $34.59.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the previous year, the company posted $0.48 EPS. CSX’s revenue was down .8% compared to the same quarter last year. As a group, analysts expect that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%. CSX’s dividend payout ratio (DPR) is 26.37%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CSX. BMO Capital Markets raised their target price on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Bank of America lowered their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Raymond James upped their target price on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Royal Bank of Canada reduced their price target on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Finally, Jefferies Financial Group dropped their price objective on shares of CSX from $40.00 to $38.00 and set a “hold” 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. According to data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.