Charles Schwab Trust Co Buys New Stake in CSX Co. (NASDAQ:CSX)

Charles Schwab Trust Co bought a new position in CSX Co. (NASDAQ:CSX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,738 shares of the transportation company's stock, valued at approximately $493,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of CSX in the 4th quarter worth $27,000. Accredited Wealth Management LLC bought a new position in shares of CSX in the 4th quarter valued at about $29,000. Fourth Dimension Wealth LLC purchased a new position in CSX in the fourth quarter worth about $29,000. SBI Securities Co. Ltd. bought a new stake in CSX during the fourth quarter worth approximately $31,000. Finally, Sierra Ocean LLC bought a new stake in CSX during the fourth quarter worth approximately $33,000. 73.57% of the stock is owned by institutional investors.

CSX Stock Performance

Shares of NASDAQ CSX traded up $0.49 during midday trading on Friday, reaching $32.23. The company had a trading volume of 16,163,880 shares, compared to its average volume of 13,107,252. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10. The business's 50-day simple moving average is $29.23 and its 200 day simple moving average is $31.41. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a market cap of $60.55 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last issued 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). 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. On average, analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio (DPR) is 31.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Argus set a $32.00 target price on CSX in a report on Friday, April 25th. Barclays lowered their price target on CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Raymond James reiterated an "outperform" rating and set a $33.00 price objective (down previously from $34.00) on shares of CSX in a research report on Thursday, April 17th. Stifel Nicolaus reduced their target price on shares of CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Bank of America lifted their price target on shares of CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, CSX presently has an average rating of "Moderate Buy" and a consensus 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.