Grantham Mayo Van Otterloo & Co. LLC cut its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,132 shares of the transportation company's stock after selling 9,471 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in CSX were worth $2,070,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CSX. SBI Securities Co. Ltd. acquired a new stake in shares of CSX during the 4th quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new position in CSX in the 4th quarter valued at approximately $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 worth $35,000 after purchasing an additional 720 shares during the last quarter. Meeder Asset Management Inc. boosted its position in CSX by 216.2% during the fourth 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 in the last quarter. Finally, Atala Financial Inc acquired a new stake in CSX in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 73.57% of the company's stock.
CSX Trading Up 0.7 %
CSX stock traded up $0.19 on Friday, hitting $28.01. 15,001,822 shares of the company were exchanged, compared to its average volume of 12,672,219. The stock has a market capitalization of $52.79 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. The business's fifty day moving average is $30.58 and its two-hundred day moving average is $32.71. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. 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 (NASDAQ:CSX - Get Free Report) last issued its 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 net margin of 23.95% and a return on equity of 28.15%. As a group, research analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.
CSX Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors 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 1.86%. The ex-dividend date was Friday, February 28th. This is an increase from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio is 29.05%.
Analyst Ratings Changes
Several research analysts have recently issued reports on CSX shares. Loop Capital downgraded CSX from a "buy" rating to a "hold" rating and cut their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Stephens restated an "overweight" rating and set a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Barclays reduced their price target on shares of CSX from $38.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their price objective on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Citigroup reduced their target price on CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.70.
Check Out Our Latest Report 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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