LS Investment Advisors LLC Has $1.58 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

LS Investment Advisors LLC reduced its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 81.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,713 shares of the transportation company's stock after selling 243,047 shares during the period. LS Investment Advisors LLC's holdings in CSX were worth $1,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of CSX by 14.7% during the fourth quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock valued at $3,794,000 after purchasing an additional 15,029 shares during the last quarter. Waycross Partners LLC boosted its position in CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock valued at $19,990,000 after purchasing an additional 40,611 shares during the period. Glassy Mountain Advisors Inc. boosted its position in CSX by 2.4% during the 4th quarter. Glassy Mountain Advisors Inc. now owns 112,770 shares of the transportation company's stock valued at $3,639,000 after purchasing an additional 2,641 shares during the period. Cercano Management LLC bought a new position in CSX during the 4th quarter worth $4,869,000. Finally, Geode Capital Management LLC increased its position in CSX by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock worth $1,339,555,000 after buying an additional 726,507 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Price Performance

NASDAQ CSX traded up $0.49 on Friday, reaching $32.23. The company's stock had a trading volume of 16,163,880 shares, compared to its average volume of 13,107,252. CSX Co. has a twelve month low of $26.22 and a twelve month 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 firm's 50 day moving average is $29.23 and its two-hundred day moving average is $31.41. The stock has a market cap of $60.55 billion, a PE ratio of 18.01, a PEG ratio of 1.92 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS 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 analyst estimates of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, sell-side analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio is presently 31.14%.

Wall Street Analyst Weigh In

CSX has been the subject of several analyst reports. Evercore ISI reduced their price target 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. Barclays cut their price objective on shares of CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Bank of America upped their target price 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. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $35.00 price target on shares of CSX in a report on Monday. Finally, Jefferies Financial Group reduced their price objective on CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Eight equities research 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 currently has an average 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.