CSX Co. (NASDAQ:CSX) Stock Holdings Decreased by DRH Investments Inc.

DRH Investments Inc. lowered its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 262,372 shares of the transportation company's stock after selling 85,484 shares during the quarter. CSX comprises approximately 9.7% of DRH Investments Inc.'s investment portfolio, making the stock its 7th largest holding. DRH Investments Inc.'s holdings in CSX were worth $8,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSX. SBI Securities Co. Ltd. purchased a new stake in CSX in the fourth quarter worth $31,000. Sierra Ocean LLC purchased a new position in CSX during the fourth quarter valued at approximately $33,000. Center for Financial Planning Inc. increased its holdings in shares of CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock worth $35,000 after buying an additional 720 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in CSX by 216.2% during the fourth quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company's stock worth $35,000 after purchasing an additional 746 shares during the last quarter. Finally, Atala Financial Inc purchased a new position in shares of CSX in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Performance

Shares of NASDAQ CSX traded down $0.38 during trading on Wednesday, reaching $27.52. 9,289,415 shares of the company traded hands, compared to its average volume of 15,438,147. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10. 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 stock has a market cap of $51.87 billion, a P/E ratio of 15.37, a PEG ratio of 1.92 and a beta of 1.23. The firm's fifty day simple moving average is $30.39 and its 200 day simple moving average is $32.63.

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CSX (NASDAQ:CSX - Get Free Report) last announced 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%. As a group, research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.89%. The ex-dividend date was Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio is currently 29.05%.

Analyst Upgrades and Downgrades

CSX has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on CSX from $34.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Stifel Nicolaus reduced their target price on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday. Robert W. Baird decreased their price target on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, January 24th. Stephens reiterated an "overweight" rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Finally, Citigroup decreased their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.55.

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.