FMR LLC cut its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,728,716 shares of the transportation company's stock after selling 884,146 shares during the quarter. FMR LLC owned 0.76% of CSX worth $475,296,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSX. SBI Securities Co. Ltd. bought a new stake in CSX in the fourth quarter worth approximately $31,000. Sierra Ocean LLC bought a new stake in CSX in the fourth quarter worth $33,000. Center for Financial Planning Inc. raised its holdings in CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock valued at $35,000 after buying an additional 720 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in CSX by 216.2% in the 4th quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company's stock worth $35,000 after purchasing an additional 746 shares during the last quarter. Finally, Atala Financial Inc acquired a new position in CSX during the fourth quarter valued at approximately $36,000. 73.57% of the stock is owned by hedge funds and other institutional investors.
CSX Stock Down 0.7 %
NASDAQ:CSX traded down $0.21 on Tuesday, hitting $28.07. 4,720,555 shares of the company's stock were exchanged, compared to its average volume of 12,659,647. The company has a market cap of $52.90 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The firm has a 50-day moving average price of $30.49 and a 200-day moving average price of $32.67. 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 52 week low of $26.22 and a 52 week high of $37.10.
CSX (NASDAQ:CSX - Get Free Report) last released its earnings results 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%. As a group, analysts expect 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, February 28th. This is an increase from CSX's previous quarterly dividend of $0.12. CSX's payout ratio is 29.05%.
Wall Street Analyst Weigh In
CSX has been the topic of a number of research analyst reports. 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. Stifel Nicolaus reduced their price objective on CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research report on Monday. Raymond James dropped their target price on shares of CSX from $37.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday. Robert W. Baird dropped their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. decreased their target price on CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.55.
View Our Latest Report on CSX
CSX Company Profile
(
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.
Further Reading
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