CGN Advisors LLC Has $1.58 Million Position in CSX Co. (NASDAQ:CSX)

CGN Advisors LLC lowered its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 14.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,616 shares of the transportation company's stock after selling 9,087 shares during the period. CGN Advisors LLC's holdings in CSX were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in CSX in the 4th quarter worth $780,194,000. Ameriprise Financial Inc. grew its holdings in shares of CSX by 89.7% during the fourth quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company's stock worth $673,025,000 after buying an additional 9,863,587 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CSX by 40.5% during 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 buying an additional 6,730,316 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in CSX by 471.9% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company's stock valued at $217,808,000 after buying an additional 5,568,624 shares during the last quarter. Finally, Fiduciary Management Inc. WI bought a new stake in CSX in the 4th quarter valued at approximately $178,259,000. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Price Performance

CSX traded down $0.19 on Thursday, hitting $31.74. 11,814,878 shares of the stock were exchanged, compared to its average volume of 13,076,814. The firm has a market capitalization of $59.63 billion, a price-to-earnings ratio of 17.73, a PEG 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. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The business has a 50-day moving average of $29.18 and a two-hundred day moving average of $31.43.

CSX (NASDAQ:CSX - Get Free Report) last released its 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). CSX had a return on equity of 28.15% and a net margin of 23.95%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. Sell-side analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, May 30th. CSX's payout ratio is 31.14%.

Analyst Ratings Changes

Several brokerages recently commented on CSX. Benchmark restated a "buy" rating and set a $35.00 target price on shares of CSX in a report on Thursday, April 17th. Evercore ISI lowered their target price on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Bank of America increased their price target on CSX from $30.00 to $31.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $35.00 price target on shares of CSX in a research report on Monday. Finally, UBS Group lowered their price target on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and an average price target of $33.95.

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.