Hall Capital Management Co. Inc. Takes Position in CSX Co. (NASDAQ:CSX)

Hall Capital Management Co. Inc. bought a new position in CSX Co. (NASDAQ:CSX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,795 shares of the transportation company's stock, valued at approximately $574,000.

A number of other large investors have also bought and sold shares of CSX. Joel Isaacson & Co. LLC increased its position in shares of CSX by 2.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after purchasing an additional 310 shares during the period. Patrick M Sweeney & Associates Inc. grew its stake in CSX by 1.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock worth $1,027,000 after buying an additional 313 shares in the last quarter. Trust Point Inc. increased its holdings in CSX by 2.6% in the 4th quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock valued at $443,000 after buying an additional 344 shares during the period. Secure Asset Management LLC increased its holdings in CSX by 2.1% in the 4th quarter. Secure Asset Management LLC now owns 17,195 shares of the transportation company's stock valued at $555,000 after buying an additional 357 shares during the period. Finally, Hemington Wealth Management raised its position in shares of CSX by 14.6% in the 4th quarter. Hemington Wealth Management now owns 2,865 shares of the transportation company's stock valued at $92,000 after buying an additional 365 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSX. Bank of America increased their price target on shares of CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Stifel Nicolaus reduced their target price on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Benchmark reissued a "buy" rating and set a $35.00 price target on shares of CSX in a report on Thursday, April 17th. Evercore ISI dropped their price objective on CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, Barclays decreased their target price on CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $33.90.

CSX Trading Up 0.8%

NASDAQ CSX traded up $0.24 on Friday, reaching $31.53. The company had a trading volume of 8,027,806 shares, compared to its average volume of 12,988,400. The firm has a market cap of $59.22 billion, a price-to-earnings ratio of 17.60, a P/E/G 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 fifty-two week low of $26.22 and a fifty-two week high of $37.10. The business has a 50 day moving average of $29.02 and a two-hundred day moving average of $31.55.

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 company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. Analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.65%. CSX's 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.