CSX Co. (NASDAQ:CSX) Stock Holdings Trimmed by Voloridge Investment Management LLC

Voloridge Investment Management LLC lowered its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 64.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,428,788 shares of the transportation company's stock after selling 2,559,581 shares during the quarter. Voloridge Investment Management LLC owned about 0.07% of CSX worth $46,107,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Joel Isaacson & Co. LLC grew its position in shares of CSX by 2.4% during the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock valued at $421,000 after buying an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its holdings in shares of CSX by 1.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock valued at $1,027,000 after purchasing an additional 313 shares during the last quarter. West Branch Capital LLC raised its position in shares of CSX by 3.3% during the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock worth $333,000 after purchasing an additional 332 shares during the period. Trust Point Inc. lifted its holdings in shares of CSX by 2.6% in the 4th quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock worth $443,000 after purchasing an additional 344 shares during the last quarter. Finally, Secure Asset Management LLC lifted its holdings in shares of CSX by 2.1% in the 4th quarter. Secure Asset Management LLC now owns 17,195 shares of the transportation company's stock worth $555,000 after purchasing an additional 357 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CSX. Jefferies Financial Group dropped their target price on CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Stifel Nicolaus dropped their price objective on shares of CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. UBS Group dropped their price target on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Stephens reaffirmed an "overweight" rating and set a $38.00 price target on shares of CSX in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, CSX presently has a consensus rating of "Moderate Buy" and an average target price of $33.90.

CSX Stock Up 0.1%

NASDAQ CSX opened at $31.23 on Wednesday. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The company has a market capitalization of $58.67 billion, a P/E ratio of 17.45, a PEG ratio of 1.92 and a beta of 1.22. The company's 50 day simple moving average is $28.88 and its 200 day simple moving average is $31.73. 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 posted its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. Equities research analysts expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio is 31.14%.

CSX 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.

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