McKinley Carter Wealth Services Inc. decreased its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 38.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,722 shares of the transportation company's stock after selling 8,492 shares during the period. McKinley Carter Wealth Services Inc.'s holdings in CSX were worth $404,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of CSX. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX in the fourth quarter valued at about $27,000. Accredited Wealth Management LLC bought a new stake in shares of CSX in the 4th quarter worth approximately $29,000. Fourth Dimension Wealth LLC bought a new stake in shares of CSX during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of CSX in the fourth quarter valued at $31,000. Finally, Sierra Ocean LLC acquired a new position in shares of CSX in the fourth quarter valued at $33,000. 73.57% of the stock is currently owned by institutional investors.
CSX Trading Up 0.2%
NASDAQ:CSX traded up $0.07 on Thursday, hitting $32.39. 9,379,776 shares of the stock were exchanged, compared to its average volume of 13,245,882. The stock has a market capitalization of $60.85 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 1.92 and a beta of 1.24. CSX Co. has a 52 week low of $26.22 and a 52 week 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's 50-day moving average price is $29.52 and its 200 day moving average price is $31.33.
CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data 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 firm 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, equities research analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.
CSX Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. CSX's dividend payout ratio is currently 31.14%.
Analyst Upgrades and Downgrades
CSX has been the subject of a number of recent research reports. Benchmark restated a "buy" rating and issued a $35.00 price objective on shares of CSX in a research note on Thursday, April 17th. Deutsche Bank Aktiengesellschaft assumed 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. Royal Bank of Canada decreased their price objective on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Citigroup decreased their price target on CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America boosted their price target on CSX from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.95.
Read Our Latest Report on CSX
About CSX
(
Free Report)
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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