CSX Co. (NASDAQ:CSX) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance reduced its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 21.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 84,488 shares of the transportation company's stock after selling 23,469 shares during the period. Independent Advisor Alliance's holdings in CSX were worth $2,726,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co grew its position in 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 purchasing an additional 46,473 shares during the period. Marshall Financial Group LLC acquired a new stake in CSX during the 4th quarter worth about $1,084,000. Thrivent Financial for Lutherans grew its position in CSX by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company's stock worth $116,521,000 after purchasing an additional 24,430 shares during the period. Carnegie Investment Counsel grew its position in CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock worth $19,751,000 after purchasing an additional 8,474 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in CSX by 6.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company's stock worth $22,549,000 after purchasing an additional 41,547 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSX has been the topic of several recent analyst reports. Stephens reissued an "overweight" rating and set a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Raymond James reissued an "outperform" rating and set a $37.00 target price (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Royal Bank of Canada lowered their target price on shares of CSX from $34.00 to $33.00 and set a "sector perform" rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their target price on shares of CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of CSX in a research note on Friday, March 7th. They set a "hold" rating and a $34.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.00.

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CSX Stock Up 0.1 %

CSX stock opened at $29.55 on Thursday. The company has a market cap of $55.99 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.92 and a beta of 1.25. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $29.29 and a 12 month high of $38.03. The firm has a 50-day moving average of $32.34 and a two-hundred day moving average of $33.55.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts' consensus estimates 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, analysts forecast 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 will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. This is an increase from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. CSX's dividend payout ratio is presently 29.05%.

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.

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