CSX Co. (NASDAQ:CSX) Stock Holdings Reduced by Blair William & Co. IL

Blair William & Co. IL reduced its position in CSX Co. (NASDAQ:CSX - Free Report) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,609 shares of the transportation company's stock after selling 9,629 shares during the period. Blair William & Co. IL's holdings in CSX were worth $5,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group grew its position in shares of CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock valued at $830,000 after purchasing an additional 306 shares during the last quarter. Joel Isaacson & Co. LLC grew its holdings in CSX by 2.4% during the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock valued at $421,000 after buying an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. increased its position in CSX by 1.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock worth $1,027,000 after buying an additional 313 shares in the last quarter. West Branch Capital LLC raised its holdings in shares of CSX by 3.3% in the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock worth $333,000 after acquiring an additional 332 shares during the last quarter. Finally, Alhambra Investment Management LLC raised its holdings in shares of CSX by 4.3% in the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock worth $268,000 after acquiring an additional 342 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CSX shares. Susquehanna dropped their price objective on CSX from $39.00 to $37.00 and set a "positive" rating for the company in a research report on Thursday, March 27th. Citigroup lowered their price target on shares of CSX from $40.00 to $39.00 and set a "buy" rating for the company in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX in a research note on Friday, March 7th. They set a "hold" rating and a $34.00 price objective on the stock. Loop Capital cut shares of CSX from a "buy" rating to a "hold" rating and lowered their target price for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Finally, BMO Capital Markets reduced their price target on CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.20.

CSX Trading Down 2.8 %

NASDAQ CSX traded down $0.78 on Friday, hitting $27.21. 26,480,520 shares of the stock were exchanged, compared to its average volume of 12,464,857. The company's 50-day moving average price is $31.32 and its two-hundred day moving average price is $33.04. The company has a market capitalization of $51.28 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 1.92 and a beta of 1.22. CSX Co. has a 52-week low of $26.95 and a 52-week high of $37.10. 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 posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. Research analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, February 28th. CSX's dividend payout ratio (DPR) is currently 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.