Banco de Sabadell S.A Sells 13,487 Shares of CSX Co. (NASDAQ:CSX)

Banco de Sabadell S.A lessened its stake in CSX Co. (NASDAQ:CSX - Free Report) by 20.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,522 shares of the transportation company's stock after selling 13,487 shares during the period. Banco de Sabadell S.A's holdings in CSX were worth $1,663,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in CSX during the fourth quarter valued at $31,000. Sierra Ocean LLC acquired a new position in shares of CSX in the 4th quarter valued at about $33,000. Center for Financial Planning Inc. boosted its position in shares of CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after purchasing an additional 720 shares in the last quarter. Atala Financial Inc acquired a new stake in CSX during the fourth quarter worth approximately $36,000. Finally, Millstone Evans Group LLC bought a new stake in CSX in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 73.57% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CSX. Jefferies Financial Group upgraded CSX from a "hold" rating to a "buy" rating and set a $37.00 price target on the stock in a report on Friday, January 10th. Benchmark restated a "buy" rating and issued a $38.00 price target on shares of CSX in a report on Monday, January 27th. Loop Capital lowered shares of CSX from a "buy" rating to a "hold" rating and dropped their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Citigroup cut their price objective on shares of CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company decreased their target price on CSX from $34.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.85.

Remove Ads

CSX Stock Down 0.7 %

CSX stock traded down $0.20 during midday trading on Thursday, hitting $29.70. 771,936 shares of the stock were exchanged, compared to its average volume of 11,697,800. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $56.26 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. CSX Co. has a 52-week low of $28.98 and a 52-week high of $37.18. The business's 50-day moving average price is $31.88 and its 200-day moving average price is $33.26.

CSX (NASDAQ:CSX - Get Free Report) last released its 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, research 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. This is a boost from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX's payout ratio is presently 29.05%.

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.