NorthCrest Asset Manangement LLC lifted its position in CSX Co. (NASDAQ:CSX - Free Report) by 2.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 553,131 shares of the transportation company's stock after acquiring an additional 11,972 shares during the period. NorthCrest Asset Manangement LLC's holdings in CSX were worth $16,279,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Portside Wealth Group LLC raised its position in shares of CSX by 1.3% in the 1st quarter. Portside Wealth Group LLC now owns 27,335 shares of the transportation company's stock worth $804,000 after acquiring an additional 361 shares in the last quarter. Ullmann Wealth Partners Group LLC raised its position in shares of CSX by 1.3% in the 1st quarter. Ullmann Wealth Partners Group LLC now owns 29,276 shares of the transportation company's stock worth $862,000 after acquiring an additional 363 shares in the last quarter. 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 worth $92,000 after acquiring an additional 365 shares in the last quarter. Family Legacy Inc. raised its position in shares of CSX by 0.6% in the 4th quarter. Family Legacy Inc. now owns 68,009 shares of the transportation company's stock worth $2,190,000 after acquiring an additional 375 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. increased its position in CSX by 1.2% during the 1st quarter. Patrick M Sweeney & Associates Inc. now owns 32,205 shares of the transportation company's stock valued at $948,000 after buying an additional 378 shares in the last quarter. Institutional investors own 73.57% of the company's stock.
Wall Street Analyst Weigh In
CSX has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $35.00 price objective on shares of CSX in a research report on Monday, June 2nd. Royal Bank of Canada reduced their price objective on CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Argus set a $32.00 price objective on CSX in a research report on Friday, April 25th. 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a research report on Friday, March 7th. They set a "hold" rating and a $34.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.14.
Check Out Our Latest Report on CSX
CSX Stock Performance
Shares of CSX stock traded down $0.27 on Friday, reaching $32.12. The stock had a trading volume of 9,032,692 shares, compared to its average volume of 13,250,624. The stock has a market cap of $60.34 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. CSX Co. has a 1 year low of $26.22 and a 1 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 50 day simple moving average of $29.63 and a 200 day simple moving average of $31.30.
CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The firm had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. Equities research analysts expect that CSX Co. will post 1.83 EPS for the current year.
CSX Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.62%. CSX's dividend payout ratio (DPR) is presently 31.14%.
CSX Profile
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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.
Further Reading
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