Bristol Gate Capital Partners Inc. Sells 35,318 Shares of CSX Co. (NASDAQ:CSX)

Bristol Gate Capital Partners Inc. decreased its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,457,257 shares of the transportation company's stock after selling 35,318 shares during the quarter. CSX makes up approximately 3.9% of Bristol Gate Capital Partners Inc.'s holdings, making the stock its 20th largest holding. Bristol Gate Capital Partners Inc. owned about 0.13% of CSX worth $79,296,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Diversified Trust Co grew its position in shares of CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock worth $2,330,000 after buying an additional 46,473 shares during the period. Marshall Financial Group LLC acquired a new stake in CSX during the 4th quarter worth $1,084,000. Carnegie Investment Counsel raised its position in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock valued at $19,751,000 after acquiring an additional 8,474 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of CSX by 6.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company's stock valued at $22,549,000 after purchasing an additional 41,547 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of CSX by 14.7% in the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after purchasing an additional 15,029 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

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CSX Stock Up 0.7 %

Shares of CSX stock traded up $0.19 during trading hours on Friday, reaching $28.01. 15,001,822 shares of the company's stock were exchanged, compared to its average volume of 12,682,145. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a 50 day moving average of $30.58 and a two-hundred day moving average of $32.72. The stock has a market cap of $52.79 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.92 and a beta of 1.23. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, sell-side analysts forecast that CSX Co. will post 1.83 EPS 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 dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.86%. This is a boost from CSX's previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. CSX's payout ratio is 29.05%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CSX. Benchmark restated a "buy" rating and set a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Citigroup decreased their price target on shares of CSX from $39.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday. Raymond James dropped their price objective on CSX from $37.00 to $34.00 and set an "outperform" rating on the stock in a research note on Friday. 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 research note on Friday, January 24th. Finally, Jefferies Financial Group dropped their price target on CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.70.

CSX Company 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.