Vontobel Holding Ltd. Sells 37,143 Shares of CSX Co. (NASDAQ:CSX)

Vontobel Holding Ltd. decreased its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 7.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 434,516 shares of the transportation company's stock after selling 37,143 shares during the period. Vontobel Holding Ltd.'s holdings in CSX were worth $14,022,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Asset Management One Co. Ltd. raised its stake in shares of CSX by 3.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 752,788 shares of the transportation company's stock valued at $24,435,000 after purchasing an additional 22,971 shares during the period. Buckhead Capital Management LLC purchased a new stake in shares of CSX during the fourth quarter valued at approximately $2,338,000. Life Planning Partners Inc purchased a new stake in shares of CSX during the fourth quarter valued at approximately $780,000. Hemington Wealth Management raised its stake in shares of CSX by 14.6% during the fourth quarter. Hemington Wealth Management now owns 2,865 shares of the transportation company's stock valued at $92,000 after purchasing an additional 365 shares during the period. Finally, Castle Wealth Management LLC raised its stake in shares of CSX by 6.8% during the fourth quarter. Castle Wealth Management LLC now owns 22,089 shares of the transportation company's stock valued at $713,000 after purchasing an additional 1,413 shares during the period. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Stock Up 0.8 %

NASDAQ:CSX traded up $0.27 during mid-day trading on Tuesday, reaching $33.64. The stock had a trading volume of 14,995,457 shares, compared to its average volume of 13,869,104. The business's 50 day moving average is $32.71 and its 200 day moving average is $33.79. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The stock has a market cap of $64.87 billion, a P/E ratio of 18.79, a PEG ratio of 1.91 and a beta of 1.23. 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 announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS 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, sell-side analysts predict that CSX Co. will post 1.86 earnings per share for the current year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.55%. This is a boost 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 currently 26.82%.

Wall Street Analysts Forecast Growth

CSX has been the topic of several recent analyst reports. Raymond James reaffirmed an "outperform" rating and issued a $37.00 price target (down from $38.00) on shares of CSX in a report on Friday, January 24th. Barclays lowered their target price on shares of CSX from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Loop Capital lowered shares of CSX from a "buy" rating to a "hold" rating and lowered their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Benchmark reiterated a "buy" rating and set a $38.00 target price on shares of CSX in a research note on Monday, January 27th. Finally, Jefferies Financial Group upgraded shares of CSX from a "hold" rating to a "buy" rating and set a $37.00 target price for the company in a research note on Friday, January 10th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $37.16.

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.