Coastline Trust Co Has $541,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Coastline Trust Co cut its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 52.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,671 shares of the transportation company's stock after selling 17,500 shares during the period. Coastline Trust Co's holdings in CSX were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Valley Wealth Managers Inc. lifted its stake in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after purchasing an additional 480 shares during the period. Empowered Funds LLC boosted its holdings in CSX by 20.0% during the third quarter. Empowered Funds LLC now owns 189,366 shares of the transportation company's stock worth $6,539,000 after buying an additional 31,604 shares during the last quarter. Empirical Finance LLC boosted its holdings in CSX by 1.7% during the third quarter. Empirical Finance LLC now owns 71,157 shares of the transportation company's stock worth $2,457,000 after buying an additional 1,169 shares during the last quarter. First Business Financial Services Inc. grew its position in shares of CSX by 8.6% during the 3rd quarter. First Business Financial Services Inc. now owns 60,236 shares of the transportation company's stock worth $2,080,000 after buying an additional 4,767 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of CSX by 5.0% in the 3rd quarter. CIBC Asset Management Inc now owns 603,509 shares of the transportation company's stock valued at $20,839,000 after acquiring an additional 28,979 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Stock Performance

Shares of CSX stock traded down $0.50 on Friday, reaching $35.13. The stock had a trading volume of 10,597,925 shares, compared to its average volume of 13,312,988. CSX Co. has a 12 month low of $30.86 and a 12 month high of $40.12. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $67.75 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.23 and a beta of 1.19. The firm's 50-day moving average is $34.32 and its two-hundred day moving average is $33.90.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the company posted $0.42 EPS. The firm's revenue was up 1.3% on a year-over-year basis. On average, research analysts expect that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.37%. CSX's payout ratio is currently 25.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Benchmark reaffirmed a "buy" rating and set a $40.00 price target on shares of CSX in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on shares of CSX from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Tuesday, August 6th. Evercore ISI reduced their price target on shares of CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, October 17th. Susquehanna dropped their price objective on shares of CSX from $42.00 to $40.00 and set a "positive" rating on the stock in a report on Thursday, October 17th. Finally, Citigroup upped their target price on shares of CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and a consensus target price of $38.78.

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.