Sabal Trust CO Has $1.27 Million Stock Position in CSX Corporation (NASDAQ:CSX)

Sabal Trust CO increased its holdings in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,158 shares of the transportation company's stock after buying an additional 9,645 shares during the quarter. Sabal Trust CO's holdings in CSX were worth $1,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CSX during the 4th quarter worth $27,000. Accredited Wealth Management LLC bought a new stake in shares of CSX during the 4th quarter worth $29,000. Fourth Dimension Wealth LLC bought a new stake in shares of CSX during the 4th quarter worth $29,000. SBI Securities Co. Ltd. bought a new stake in shares of CSX during the 4th quarter worth $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of CSX by 219.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock worth $34,000 after buying an additional 714 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CSX has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on CSX from $31.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus dropped their target price on CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research report on Monday, April 14th. BMO Capital Markets dropped their target price on CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Raymond James Financial reiterated an "outperform" rating and issued a $33.00 target price (down from $34.00) on shares of CSX in a research report on Thursday, April 17th. Finally, Royal Bank Of Canada dropped their target price 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. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.14.

CSX Trading Up 1.0%

Shares of CSX stock traded up $0.34 on Friday, hitting $32.91. The company had a trading volume of 20,443,890 shares, compared to its average volume of 13,319,546. The firm has a market cap of $61.82 billion, a P/E ratio of 19.71, a P/E/G ratio of 2.85 and a beta of 1.24. The stock's 50-day moving average is $30.64 and its two-hundred day moving average is $31.06. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.88. CSX Corporation has a twelve month low of $26.22 and a twelve month high of $37.10.

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 22.66% and a return on equity of 26.42%. On average, equities research analysts anticipate that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.58%. CSX's dividend payout ratio is currently 31.14%.

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.