Banco Bilbao Vizcaya Argentaria S.A. Sells 56,951 Shares of CSX Co. (NASDAQ:CSX)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,452 shares of the transportation company's stock after selling 56,951 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in CSX were worth $7,907,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Burling Wealth Partners LLC acquired a new stake in CSX in the 4th quarter valued at approximately $325,000. Cartenna Capital LP acquired a new stake in shares of CSX in the fourth quarter worth $88,894,000. Coppell Advisory Solutions LLC grew its stake in shares of CSX by 31.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 3,282 shares of the transportation company's stock worth $106,000 after acquiring an additional 779 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in CSX by 45.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 301,144 shares of the transportation company's stock worth $9,718,000 after acquiring an additional 94,468 shares during the period. Finally, Alta Advisers Ltd raised its stake in CSX by 8.5% during the 4th quarter. Alta Advisers Ltd now owns 6,292 shares of the transportation company's stock valued at $203,000 after purchasing an additional 492 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on CSX. Jefferies Financial Group dropped their price objective on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Loop Capital lowered CSX from a "buy" rating to a "hold" rating and lowered their price target for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Stifel Nicolaus cut their price target on CSX from $37.00 to $34.00 and set a "buy" rating for the company in a report on Monday, April 14th. UBS Group decreased their price objective on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Susquehanna lowered their price objective on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSX has a consensus rating of "Moderate Buy" and a consensus price target of $33.95.

CSX Price Performance

NASDAQ CSX traded down $0.30 during trading hours on Friday, reaching $27.84. 14,351,235 shares of the company's stock were exchanged, compared to its average volume of 12,703,603. The firm has a fifty day moving average of $29.52 and a 200-day moving average of $32.25. CSX Co. has a one year low of $26.22 and a one year high of $37.10. The stock has a market cap 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 (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio (DPR) is presently 31.14%.

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.