Free Trial

Bfsg LLC Lowers Stock Holdings in CSX Co. (NASDAQ:CSX)

CSX logo with Transportation background

Bfsg LLC lowered its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,542 shares of the transportation company's stock after selling 20,991 shares during the period. CSX accounts for approximately 1.1% of Bfsg LLC's portfolio, making the stock its 20th largest position. Bfsg LLC's holdings in CSX were worth $9,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of CSX by 20.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company's stock worth $16,139,000 after purchasing an additional 80,423 shares in the last quarter. Diversified Trust Co lifted its position in CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock valued at $2,330,000 after acquiring an additional 46,473 shares during the last quarter. Marshall Financial Group LLC purchased a new stake in CSX in the fourth quarter valued at $1,084,000. Thrivent Financial for Lutherans lifted its position in CSX by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company's stock valued at $116,521,000 after acquiring an additional 24,430 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its position in CSX by 1.4% in the fourth 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. Institutional investors and hedge funds own 73.57% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CSX shares. Robert W. Baird reduced their price target on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and issued a $38.00 target price on shares of CSX in a report on Monday, January 27th. Barclays reduced their target price on shares of CSX from $40.00 to $38.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Wells Fargo & Company reduced their target price on shares of CSX from $36.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Finally, Loop Capital cut shares of CSX from a "buy" rating to a "hold" rating and reduced their target price for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, CSX currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.16.

Get Our Latest Report on CSX

CSX Price Performance

CSX traded down $0.16 on Friday, hitting $32.30. 23,611,829 shares of the company were exchanged, compared to its average volume of 14,363,321. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The business's fifty day moving average is $32.63 and its 200 day moving average is $33.77. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The firm has a market capitalization of $62.29 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

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 the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, sell-side analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.13 dividend. This is a boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. CSX's payout ratio is presently 26.82%.

About CSX

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

Should You Invest $1,000 in CSX Right Now?

Before you consider CSX, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSX wasn't on the list.

While CSX currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: Will it Spark a Rally or Trigger a Sell-Off?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
The EXACT Date of Next Stock Market Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines