Landscape Capital Management L.L.C. Trims Stock Position in CSX Co. (NASDAQ:CSX)

Landscape Capital Management L.L.C. cut its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 58.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,031 shares of the transportation company's stock after selling 12,791 shares during the period. Landscape Capital Management L.L.C.'s holdings in CSX were worth $291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSX. SBI Securities Co. Ltd. purchased a new stake in shares of CSX during the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new stake in CSX during the 4th quarter worth $33,000. Center for Financial Planning Inc. grew its holdings in shares of 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 buying an additional 720 shares in the last quarter. 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 buying an additional 746 shares during the last quarter. Finally, Atala Financial Inc purchased a new position in shares of CSX in the fourth quarter worth about $36,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Up 0.7 %

NASDAQ CSX traded up $0.19 during trading hours on Friday, hitting $28.01. 15,001,822 shares of the company were exchanged, compared to its average volume of 12,672,219. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a market cap of $52.79 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.92 and a beta of 1.23. The company has a 50 day moving average of $30.58 and a two-hundred day moving average of $32.71. CSX Co. has a 52-week low of $26.22 and a 52-week high of $37.10.

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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 analysts' consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Equities research analysts anticipate 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 issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio is 29.05%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSX. Susquehanna dropped their price objective on shares of CSX from $39.00 to $37.00 and set a "positive" rating for the company in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft started coverage on CSX in a research report on Friday, March 7th. They issued a "hold" rating and a $34.00 price target for the company. Wells Fargo & Company reduced their price objective on CSX from $34.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Barclays dropped their target price on CSX from $38.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, Raymond James reduced their price target on CSX from $37.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.70.

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.