CSX Co. (NASDAQ:CSX) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd decreased its position in CSX Co. (NASDAQ:CSX - Free Report) by 60.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,995 shares of the transportation company's stock after selling 53,936 shares during the quarter. Vinva Investment Management Ltd's holdings in CSX were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its position in shares of CSX by 2.5% in the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock valued at $407,000 after purchasing an additional 293 shares during the period. Rehmann Capital Advisory Group grew its holdings in CSX by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock valued at $830,000 after buying an additional 306 shares during the period. Associated Banc Corp increased its stake in shares of CSX by 0.6% during the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company's stock valued at $1,918,000 after acquiring an additional 310 shares during the last quarter. Joel Isaacson & Co. LLC increased its stake in shares of CSX by 2.4% during the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock valued at $421,000 after acquiring an additional 310 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. lifted its holdings in shares of CSX by 1.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock worth $1,027,000 after acquiring an additional 313 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Susquehanna cut their price target on shares of CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird cut their target price on CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company lowered their price target on CSX from $36.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a report on Friday, March 7th. They issued a "hold" rating and a $34.00 price objective on the stock. Finally, Citigroup dropped their target price on shares of CSX from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $37.00.

CSX Stock Down 1.1 %

Shares of NASDAQ CSX traded down $0.32 during midday trading on Tuesday, reaching $29.53. 10,843,082 shares of the company's stock were exchanged, compared to its average volume of 11,743,453. The stock has a market capitalization of $55.95 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. CSX Co. has a 52-week low of $28.98 and a 52-week high of $37.40. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The business's fifty day moving average price is $31.99 and its two-hundred day moving average price is $33.31.

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 (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. This is an increase from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX's dividend payout ratio is 29.05%.

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.