Ascent Group LLC decreased its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 20.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,377 shares of the transportation company's stock after selling 12,275 shares during the quarter. Ascent Group LLC's holdings in CSX were worth $1,561,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in CSX. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in CSX during the fourth quarter worth $27,000. Accredited Wealth Management LLC purchased a new stake in CSX during the fourth quarter worth $29,000. Fourth Dimension Wealth LLC purchased a new stake in shares of CSX in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of CSX in the fourth quarter valued at approximately $31,000. Finally, Sierra Ocean LLC purchased a new stake in shares of CSX in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.57% of the company's stock.
CSX Trading Down 0.3%
NASDAQ:CSX traded down $0.09 on Wednesday, reaching $31.34. The stock had a trading volume of 13,829,529 shares, compared to its average volume of 12,979,500. The company has a market cap of $58.87 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The firm's fifty day moving average is $28.95 and its two-hundred day moving average is $31.58. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10.
CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results 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). 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%. Equities analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.
CSX Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.13 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.66%. CSX's dividend payout ratio is currently 31.14%.
Analyst Upgrades and Downgrades
CSX has been the topic of a number of research reports. Susquehanna decreased their price target on shares of CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. BMO Capital Markets reduced their target price on shares of CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Jefferies Financial Group reduced their target price on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Evercore ISI reduced their target price on shares of CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, Wells Fargo & Company reduced their target price on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.90.
Get Our Latest Report on CSX
CSX Profile
(
Free Report)
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.
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