Aull & Monroe Investment Management Corp Cuts Stock Position in CSX Co. (NASDAQ:CSX)

Aull & Monroe Investment Management Corp reduced its stake in CSX Co. (NASDAQ:CSX - Free Report) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,541 shares of the transportation company's stock after selling 10,335 shares during the quarter. CSX accounts for 2.6% of Aull & Monroe Investment Management Corp's portfolio, making the stock its 9th largest position. Aull & Monroe Investment Management Corp's holdings in CSX were worth $5,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in CSX by 40.5% in the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after buying an additional 6,730,316 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of CSX during the 4th quarter worth about $85,959,000. Perpetual Ltd acquired a new position in shares of CSX during the 4th quarter worth about $83,301,000. FMR LLC increased its stake in shares of CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock worth $539,112,000 after purchasing an additional 1,447,651 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of CSX by 616.4% during the 4th quarter. KBC Group NV now owns 1,114,542 shares of the transportation company's stock worth $35,966,000 after purchasing an additional 958,957 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

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CSX Price Performance

CSX stock traded up $0.33 during trading on Friday, reaching $31.26. 19,422,389 shares of the company were exchanged, compared to its average volume of 11,630,004. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a twelve month low of $30.55 and a twelve month high of $38.35. The company has a 50-day moving average of $32.48 and a two-hundred day moving average of $33.62. The company has a market capitalization of $59.23 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly 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, equities analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.66%. CSX's dividend payout ratio is 29.05%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CSX shares. Barclays lowered their price objective on shares of CSX from $40.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Susquehanna cut their price objective on shares of CSX from $40.00 to $39.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Benchmark reissued a "buy" rating and issued a $38.00 price objective on shares of CSX in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price objective on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Finally, Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and cut their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Seven 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.00.

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.