Union Bancaire Privee UBP SA Cuts Position in CSX Co. (NASDAQ:CSX)

Union Bancaire Privee UBP SA trimmed its position in CSX Co. (NASDAQ:CSX - Free Report) by 25.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,903 shares of the transportation company's stock after selling 10,912 shares during the period. Union Bancaire Privee UBP SA's holdings in CSX were worth $872,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CSX. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of CSX in the 4th quarter valued at approximately $27,000. Accredited Wealth Management LLC purchased a new position in CSX in the fourth quarter worth $29,000. Fourth Dimension Wealth LLC acquired a new stake in CSX in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of CSX during the 4th quarter worth $31,000. Finally, Sierra Ocean LLC purchased a new stake in shares of CSX during the 4th quarter worth $33,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Trading Down 0.8%

NASDAQ:CSX 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 company has a market cap of $60.34 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.92 and a beta of 1.24. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The firm's fifty day moving average is $29.63 and its two-hundred day moving average is $31.30.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

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 $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 1.62%. CSX's dividend payout ratio is presently 31.14%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CSX. Stifel Nicolaus reduced their price objective on shares of CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Jefferies Financial Group dropped their target price on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. UBS Group decreased their price target on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Argus set a $32.00 price objective on CSX in a research note on Friday, April 25th. Finally, Evercore ISI reduced their price objective on CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.14.

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.