Partners Capital Investment Group LLP lessened its stake in CSX Co. (NASDAQ:CSX - Free Report) by 43.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,190 shares of the transportation company's stock after selling 112,386 shares during the period. Partners Capital Investment Group LLP's holdings in CSX were worth $4,653,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in CSX by 255.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company's stock valued at $259,000 after purchasing an additional 5,396 shares in the last quarter. Creative Planning boosted its holdings in CSX by 2.2% in the 3rd quarter. Creative Planning now owns 634,696 shares of the transportation company's stock valued at $21,916,000 after purchasing an additional 13,613 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in CSX by 26.4% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 8,214 shares of the transportation company's stock valued at $284,000 after purchasing an additional 1,714 shares in the last quarter. Blue Trust Inc. boosted its holdings in CSX by 29.2% in the 3rd quarter. Blue Trust Inc. now owns 66,189 shares of the transportation company's stock valued at $2,214,000 after purchasing an additional 14,953 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in CSX by 17.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 44,781 shares of the transportation company's stock valued at $1,546,000 after purchasing an additional 6,575 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.
CSX Trading Up 0.2 %
Shares of CSX stock traded up $0.05 during trading hours on Thursday, reaching $32.46. 11,702,413 shares of the company's stock were exchanged, compared to its average volume of 14,083,031. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The firm has a market capitalization of $62.60 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The company has a fifty day moving average of $32.67 and a 200-day moving average of $33.78. 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 (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Sell-side analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.
CSX Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio is currently 26.82%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on CSX. JPMorgan Chase & Co. lowered their price objective on CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Benchmark reissued a "buy" rating and set a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Wells Fargo & Company decreased their price target on CSX from $36.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Loop Capital lowered CSX from a "buy" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Finally, Jefferies Financial Group raised CSX from a "hold" rating to a "buy" rating and set a $37.00 price target on the stock in a research note on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $37.16.
Get Our Latest Analysis on CSX
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.
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