Banco Bilbao Vizcaya Argentaria S.A. Sells 56,951 Shares of CSX Co. (NASDAQ:CSX)

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 242,452 shares of the transportation company's stock after selling 56,951 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in CSX were worth $7,907,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in shares of CSX during the 4th quarter valued at about $31,000. Sierra Ocean LLC bought a new stake in CSX during the 4th quarter valued at approximately $33,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of CSX by 219.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock worth $34,000 after acquiring an additional 714 shares during the period. Center for Financial Planning Inc. raised its position in shares of CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock worth $35,000 after acquiring an additional 720 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of CSX by 216.2% in the 4th quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company's stock valued at $35,000 after purchasing an additional 746 shares during the period. Institutional investors own 73.57% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CSX. Citigroup decreased their price objective on CSX from $39.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Argus set a $32.00 price objective on shares of CSX in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, January 24th. BMO Capital Markets cut their price target on CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Robert W. Baird lowered their price objective on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.86.

CSX Stock Performance

NASDAQ CSX traded down $0.28 on Wednesday, reaching $27.77. 2,756,696 shares of the stock were exchanged, compared to its average volume of 12,659,665. The firm has a market capitalization of $52.17 billion, a PE ratio of 15.51, a PEG ratio of 1.92 and a beta of 1.23. CSX Co. has a one year low of $26.22 and a one year high of $37.10. The company's 50-day simple moving average is $29.34 and its two-hundred day simple moving average is $32.18. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. Analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.13 dividend. The ex-dividend date was Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.87%. CSX's dividend payout ratio is presently 31.14%.

About CSX

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.