CSX Co. (NASDAQ:CSX) Shares Sold by WealthTrust Axiom LLC

WealthTrust Axiom LLC cut its position in CSX Co. (NASDAQ:CSX - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,265 shares of the transportation company's stock after selling 9,351 shares during the period. WealthTrust Axiom LLC's holdings in CSX were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of CSX. Joel Isaacson & Co. LLC boosted its holdings in shares of CSX by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock valued at $421,000 after buying an additional 310 shares in the last quarter. Patrick M Sweeney & Associates Inc. boosted its position in shares of CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock valued at $1,027,000 after purchasing an additional 313 shares during the period. West Branch Capital LLC increased its position in CSX by 3.3% during the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock worth $333,000 after buying an additional 332 shares during the period. Alhambra Investment Management LLC lifted its stake in CSX by 4.3% in the fourth quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock valued at $268,000 after buying an additional 342 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings in shares of CSX by 2.6% in the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock valued at $443,000 after acquiring an additional 344 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Up 1.1 %

Shares of NASDAQ CSX traded up $0.29 during midday trading on Friday, reaching $27.64. 21,437,293 shares of the stock were exchanged, compared to its average volume of 12,726,304. The stock has a 50 day moving average price of $30.18 and a 200-day moving average price of $32.55. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $52.09 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.92 and a beta of 1.23. CSX Co. has a 52-week low of $26.22 and a 52-week high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities research analysts expect 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a positive change from CSX's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, February 28th. CSX's dividend payout ratio is presently 31.14%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CSX shares. Raymond James reiterated an "outperform" rating and set a $33.00 price target (down previously from $34.00) on shares of CSX in a research note on Thursday. Royal Bank of Canada dropped their price target on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Thursday. Stifel Nicolaus decreased their price objective on CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research report on Monday. Jefferies Financial Group cut their price target on CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, UBS Group dropped their price objective on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.95.

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.