Duff & Phelps Investment Management Co. Reduces Stake in CSX Co. (NASDAQ:CSX)

Duff & Phelps Investment Management Co. trimmed its position in CSX Co. (NASDAQ:CSX - Free Report) by 73.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 95,000 shares of the transportation company's stock after selling 267,113 shares during the period. Duff & Phelps Investment Management Co.'s holdings in CSX were worth $3,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSX. Larson Financial Group LLC grew its stake in CSX by 20.2% in the 3rd quarter. Larson Financial Group LLC now owns 5,957 shares of the transportation company's stock valued at $206,000 after purchasing an additional 1,000 shares during the period. The Manufacturers Life Insurance Company boosted its stake in CSX by 4.3% in the third quarter. The Manufacturers Life Insurance Company now owns 2,679,505 shares of the transportation company's stock valued at $92,523,000 after acquiring an additional 109,422 shares during the last quarter. FMR LLC boosted its stake in CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock valued at $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of CSX during the 3rd quarter valued at approximately $66,000. Finally, Townsquare Capital LLC increased its stake in shares of CSX by 8.2% during the 3rd quarter. Townsquare Capital LLC now owns 221,010 shares of the transportation company's stock worth $7,631,000 after purchasing an additional 16,772 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

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CSX Trading Up 1.1 %

CSX traded up $0.33 during trading on Monday, hitting $29.44. 10,160,883 shares of the stock traded hands, compared to its average volume of 12,321,168. CSX Co. has a 12-month low of $28.87 and a 12-month high of $37.10. The firm has a market capitalization of $55.49 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The firm has a 50-day moving average of $31.75 and a 200 day moving average of $33.20.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data 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 net margin of 23.95% and a return on equity of 28.15%. Equities research analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is an increase from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, February 28th. CSX's dividend payout ratio is presently 29.05%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CSX shares. JPMorgan Chase & Co. reduced their price objective on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Benchmark reiterated a "buy" rating and set a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Jefferies Financial Group upgraded CSX from a "hold" rating to a "buy" rating and set a $37.00 price objective on the stock in a research note on Friday, January 10th. Susquehanna cut their target price on shares of CSX from $39.00 to $37.00 and set a "positive" rating for the company in a research report on Thursday. Finally, Stephens reissued an "overweight" rating and issued a $38.00 price target on shares of CSX in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $36.75.

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.