Capital Group Private Client Services Inc. Has $37.40 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Capital Group Private Client Services Inc. cut its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,158,878 shares of the transportation company's stock after selling 36,131 shares during the quarter. Capital Group Private Client Services Inc. owned about 0.06% of CSX worth $37,397,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CSX. Joel Isaacson & Co. LLC boosted its holdings in CSX by 2.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after purchasing an additional 310 shares in the last quarter. Patrick M Sweeney & Associates Inc. increased its holdings in shares of CSX by 1.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock valued at $1,027,000 after acquiring an additional 313 shares during the last quarter. West Branch Capital LLC raised its stake in shares of CSX by 3.3% in the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock valued at $333,000 after acquiring an additional 332 shares in the last quarter. Alhambra Investment Management LLC lifted its holdings in CSX by 4.3% in the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock worth $268,000 after purchasing an additional 342 shares during the last quarter. Finally, Trust Point Inc. boosted its position in CSX by 2.6% during the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock worth $443,000 after purchasing an additional 344 shares during the period. 73.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CSX. Stephens reaffirmed an "overweight" rating and set a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Bank of America lowered their price target on CSX from $33.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets cut their price objective on CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Susquehanna lowered their target price on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Finally, Benchmark reissued a "buy" rating and issued a $35.00 price objective on shares of CSX in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and an average price target of $33.95.

CSX Price Performance

NASDAQ:CSX traded down $0.21 during trading hours on Wednesday, reaching $27.57. The company had a trading volume of 6,046,876 shares, compared to its average volume of 12,715,323. The firm has a market capitalization of $51.79 billion, a PE ratio of 15.40, a PEG ratio of 1.92 and a beta of 1.23. The stock has a 50-day moving average of $29.85 and a two-hundred day moving average of $32.40. CSX Co. has a one year low of $26.22 and a one year high of $37.10. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. Analysts forecast that CSX Co. will post 1.83 earnings per share for the current 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 issued a $0.13 dividend. This is an increase from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, February 28th. CSX's payout ratio is presently 31.14%.

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.