DRW Securities LLC Has $264,000 Stock Position in CSX Co. (NASDAQ:CSX)

DRW Securities LLC trimmed its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 66.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,182 shares of the transportation company's stock after selling 16,353 shares during the quarter. DRW Securities LLC's holdings in CSX were worth $264,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of CSX. SBI Securities Co. Ltd. bought a new stake in shares of CSX in the 4th quarter valued at $31,000. Sierra Ocean LLC purchased a new stake in shares of CSX during the 4th quarter worth approximately $33,000. Center for Financial Planning Inc. grew its stake in shares of CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock worth $35,000 after acquiring an additional 720 shares during the period. Meeder Asset Management Inc. raised its position in shares of CSX by 216.2% in the fourth quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company's stock valued at $35,000 after purchasing an additional 746 shares during the period. Finally, Atala Financial Inc bought a new stake in shares of CSX during the fourth quarter valued at about $36,000. 73.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CSX. Citigroup lowered their target price on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. UBS Group lowered their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Raymond James reduced their price objective on shares of CSX from $37.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Loop Capital lowered shares of CSX from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on CSX in a research report on Friday, March 7th. They set a "hold" rating and a $34.00 price objective on the stock. 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.55.

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CSX Stock Down 0.3 %

CSX stock traded down $0.07 during midday trading on Wednesday, hitting $27.83. The stock had a trading volume of 6,171,832 shares, compared to its average volume of 12,663,703. 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 business has a fifty day moving average price of $30.39 and a 200 day moving average price of $32.63. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The stock has a market cap of $52.45 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (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%. Research analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.87%. This is a boost from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio (DPR) is currently 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.