CSX Co. (NASDAQ:CSX) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 87.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,385 shares of the transportation company's stock after selling 36,079 shares during the quarter. AlphaQuest LLC's holdings in CSX were worth $174,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of CSX during the 4th quarter worth about $31,000. Sierra Ocean LLC purchased a new position in CSX in the 4th quarter worth approximately $33,000. Center for Financial Planning Inc. boosted its holdings in CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock worth $35,000 after acquiring an additional 720 shares during the period. Synergy Asset Management LLC purchased a new position in CSX in the 4th quarter worth approximately $41,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in CSX in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Stock Performance

Shares of CSX stock traded down $0.11 on Thursday, hitting $29.97. 10,374,830 shares of the stock traded hands, compared to its average volume of 11,694,178. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market capitalization of $56.77 billion, a PE ratio of 16.74, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a 1-year low of $28.98 and a 1-year high of $38.03. The company's fifty day moving average is $32.12 and its 200 day moving average is $33.41.

Remove Ads

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, equities research analysts predict that CSX Co. will post 1.83 earnings per share 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 given a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.74%. CSX's dividend payout ratio (DPR) is currently 29.05%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CSX shares. Deutsche Bank Aktiengesellschaft started coverage on CSX in a report on Friday, March 7th. They issued a "hold" rating and a $34.00 price target for the company. Susquehanna decreased their price target on CSX from $40.00 to $39.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Wells Fargo & Company decreased their price target on CSX from $36.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Finally, Benchmark reiterated a "buy" rating and set a $38.00 target price on shares of CSX in a research note on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

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.