CSX Co. (NASDAQ:CSX) Holdings Lowered by Bath Savings Trust Co

Bath Savings Trust Co lowered its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 42.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,414 shares of the transportation company's stock after selling 21,300 shares during the quarter. Bath Savings Trust Co's holdings in CSX were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CSX. Norges Bank purchased a new position in CSX in the fourth quarter worth $780,194,000. Ameriprise Financial Inc. grew its holdings in CSX by 89.7% in the fourth quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company's stock worth $673,025,000 after purchasing an additional 9,863,587 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in CSX by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock worth $753,507,000 after purchasing an additional 6,730,316 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in CSX by 471.9% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company's stock worth $217,808,000 after purchasing an additional 5,568,624 shares during the last quarter. Finally, Fiduciary Management Inc. WI purchased a new stake in shares of CSX during the fourth quarter valued at $178,259,000. Institutional investors own 73.57% of the company's stock.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of research analyst reports. 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 report on Thursday, April 17th. 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. Argus set a $32.00 price objective on shares of CSX in a report on Friday, April 25th. Benchmark restated a "buy" rating and set a $35.00 price target on shares of CSX in a report on Thursday, April 17th. Finally, Evercore ISI lowered their price objective 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. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, CSX currently has an average rating of "Moderate Buy" and a consensus price target of $33.95.

CSX Stock Down 1.0%

CSX traded down $0.31 during trading hours on Monday, reaching $31.29. 18,129,401 shares of the stock traded hands, compared to its average volume of 13,000,152. The firm's fifty day simple moving average is $29.06 and its two-hundred day simple moving average is $31.45. The company has a market cap of $58.77 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.92 and a beta of 1.22. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. 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 data 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). CSX had a return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. As a group, analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.66%. CSX's dividend payout ratio is presently 31.14%.

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.