Compagnie Lombard Odier SCmA Has $28.29 Million Position in CSX Co. (NASDAQ:CSX)

Compagnie Lombard Odier SCmA trimmed its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 961,313 shares of the transportation company's stock after selling 14,231 shares during the quarter. Compagnie Lombard Odier SCmA owned about 0.05% of CSX worth $28,291,000 as of its most recent SEC filing.

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

CSX Stock Up 0.2%

NASDAQ CSX traded up $0.07 during trading hours on Thursday, reaching $32.39. 9,379,776 shares of the company's stock were exchanged, compared to its average volume of 13,245,882. The company's 50-day moving average is $29.52 and its two-hundred day moving average is $31.33. CSX Co. has a one year low of $26.22 and a one year high of $37.10. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The company has a market capitalization of $60.85 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly 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). The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, analysts forecast 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 paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio (DPR) is presently 31.14%.

Analysts Set New Price Targets

CSX has been the subject of a number of research reports. Royal Bank of Canada reduced their price target on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Susquehanna reduced their price target on shares of CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CSX in a research report on Friday, March 7th. They issued a "hold" rating and a $34.00 price target for the company. 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 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 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.