CSX Co. (NASDAQ:CSX) Shares Sold by Americana Partners LLC

Americana Partners LLC reduced its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 25.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,104 shares of the transportation company's stock after selling 12,506 shares during the period. Americana Partners LLC's holdings in CSX were worth $1,165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC boosted its position in shares of CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock worth $407,000 after buying an additional 293 shares during the period. Lake Street Advisors Group LLC boosted its position in shares of CSX by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company's stock worth $595,000 after buying an additional 306 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock worth $830,000 after buying an additional 306 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company's stock worth $1,222,000 after buying an additional 309 shares during the period. Finally, Associated Banc Corp boosted its position in shares of CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company's stock worth $1,918,000 after buying an additional 310 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of CSX traded down $0.16 during midday trading on Friday, reaching $32.30. 23,611,829 shares of the stock were exchanged, compared to its average volume of 14,363,321. The company has a market capitalization of $62.29 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.92 and a beta of 1.23. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The business's 50-day moving average price is $32.63 and its 200 day moving average price is $33.77. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last issued 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, sell-side analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This is a boost from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.61%. CSX's payout ratio is presently 26.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CSX shares. Robert W. Baird decreased their target price on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Raymond James reiterated an "outperform" rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a report on Friday, January 24th. Benchmark reiterated a "buy" rating and issued a $38.00 target price on shares of CSX in a report on Monday, January 27th. Finally, Wells Fargo & Company decreased their target price on CSX from $36.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.16.

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.