CSX Co. (NASDAQ:CSX) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,784,279 shares of the transportation company's stock after selling 173,409 shares during the period. Victory Capital Management Inc. owned about 0.09% of CSX worth $57,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC boosted its holdings in CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock worth $407,000 after buying an additional 293 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock worth $830,000 after buying an additional 306 shares in the last quarter. Associated Banc Corp boosted its holdings in CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company's stock worth $1,918,000 after buying an additional 310 shares in the last quarter. Joel Isaacson & Co. LLC boosted its holdings in CSX by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after buying an additional 310 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its holdings in CSX by 1.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock worth $1,027,000 after buying an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

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CSX Stock Up 1.1 %

CSX traded up $0.33 during trading hours on Friday, reaching $31.26. 19,422,389 shares of the stock traded hands, compared to its average volume of 11,630,004. The firm's fifty day simple moving average is $32.48 and its two-hundred day simple moving average is $33.62. The company has a market cap of $59.23 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a fifty-two week low of $30.55 and a fifty-two week high of $38.35. 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 posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 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%. As a group, analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.66%. This is an increase from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. CSX's dividend payout ratio is 29.05%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Benchmark reissued a "buy" rating and set a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and reduced their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Citigroup reduced their price target on shares of CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Stephens reaffirmed an "overweight" rating and issued a $38.00 price target on shares of CSX in a report on Friday, January 24th. Finally, BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, CSX currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

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.