Siemens Fonds Invest GmbH decreased its position in CSX Co. (NASDAQ:CSX - Free Report) by 98.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,468 shares of the transportation company's stock after selling 90,963 shares during the quarter. Siemens Fonds Invest GmbH's holdings in CSX were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Sig Brokerage LP purchased a new stake in CSX during the fourth quarter valued at approximately $1,063,000. Silvercrest Asset Management Group LLC increased its stake in CSX by 2,414.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 506,555 shares of the transportation company's stock worth $16,347,000 after purchasing an additional 486,410 shares during the period. Royal Bank of Canada increased its stake in CSX by 9.6% in the fourth quarter. Royal Bank of Canada now owns 10,505,516 shares of the transportation company's stock worth $339,013,000 after purchasing an additional 916,987 shares during the period. Rafferty Asset Management LLC lifted its position in shares of CSX by 17.1% during the fourth quarter. Rafferty Asset Management LLC now owns 604,909 shares of the transportation company's stock worth $19,520,000 after purchasing an additional 88,162 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of CSX during the fourth quarter valued at $560,000. 73.57% of the stock is owned by hedge funds and other institutional investors.
CSX Stock Up 0.5%
CSX traded up $0.15 during trading on Thursday, hitting $30.64. The stock had a trading volume of 18,429,777 shares, compared to its average volume of 12,910,765. The stock has a 50 day simple moving average of $28.89 and a two-hundred day simple moving average of $31.73. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The company has a market capitalization of $57.56 billion, a PE ratio of 17.12, a PEG ratio of 1.92 and a beta of 1.22.
CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. On average, research analysts predict that CSX Co. will post 1.83 earnings per share for the current year.
CSX Announces Dividend
The firm 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 $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio is presently 31.14%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on CSX shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX in a research note on Friday, March 7th. They issued a "hold" rating and a $34.00 price target on the stock. Bank of America raised 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. JPMorgan Chase & Co. decreased their price target on shares of CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Stifel Nicolaus dropped their price objective on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Stephens restated an "overweight" rating and set a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and an average target price of $33.90.
View Our Latest Stock Report on CSX
CSX Profile
(
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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