Soros Fund Management LLC Lowers Holdings in CSX Co. (NASDAQ:CSX)

Soros Fund Management LLC decreased its position in CSX Co. (NASDAQ:CSX - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,000 shares of the transportation company's stock after selling 222,118 shares during the period. Soros Fund Management LLC's holdings in CSX were worth $22,783,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of CSX in the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new position in CSX during the fourth quarter worth $31,000. Sierra Ocean LLC purchased a new position in shares of CSX during the fourth quarter worth $33,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of CSX by 219.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock valued at $34,000 after buying an additional 714 shares in the last quarter. Finally, Center for Financial Planning Inc. raised its holdings 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 valued at $35,000 after buying an additional 720 shares during the period. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Performance

CSX traded up $0.59 on Friday, reaching $28.70. The company had a trading volume of 11,525,727 shares, compared to its average volume of 12,691,007. The stock has a 50-day moving average price of $29.18 and a 200-day moving average price of $32.10. The stock has a market capitalization of $53.91 billion, a PE ratio of 16.03, a P/E/G ratio of 1.92 and a beta of 1.23. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The firm 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%. As a group, research analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.81%. This is a boost from CSX's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX's payout ratio is presently 31.14%.

Analysts Set New Price Targets

CSX has been the subject of several research reports. BMO Capital Markets dropped their target price on CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Bank of America cut their target price on shares of CSX from $33.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird decreased their price target on shares of CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Stephens restated an "overweight" rating and issued a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Finally, Stifel Nicolaus reduced their price objective on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.86.

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.