Universal Beteiligungs und Servicegesellschaft mbH Cuts Stake in CSX Corporation (NASDAQ:CSX)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in CSX Corporation (NASDAQ:CSX - Free Report) by 15.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,071,381 shares of the transportation company's stock after selling 558,391 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.16% of CSX worth $90,391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of CSX during the 4th quarter valued at about $27,000. Accredited Wealth Management LLC purchased a new position in shares of CSX during the 4th quarter valued at about $29,000. Fourth Dimension Wealth LLC purchased a new position in shares of CSX during the 4th quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of CSX during the 1st quarter valued at about $30,000. Finally, Rossby Financial LCC purchased a new position in shares of CSX during the 1st quarter valued at about $28,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group decreased their target price on CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Barclays lifted their price objective on CSX from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday. Argus set a $32.00 price objective on CSX in a research note on Friday, April 25th. Royal Bank Of Canada reduced their price objective on CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 17th. Finally, Baird R W raised CSX to a "strong-buy" rating in a research note on Tuesday, July 1st. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, CSX has a consensus rating of "Moderate Buy" and an average target price of $36.73.

CSX Trading Up 0.1%

CSX stock traded up $0.03 during mid-day trading on Thursday, hitting $35.00. The company's stock had a trading volume of 34,808,370 shares, compared to its average volume of 15,682,535. The company has a 50 day moving average of $32.52 and a 200-day moving average of $31.22. The stock has a market cap of $65.75 billion, a PE ratio of 20.96, a P/E/G ratio of 3.15 and a beta of 1.23. 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 one year low of $26.22 and a one year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.57 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. CSX's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. On average, research analysts anticipate that CSX Corporation will post 1.83 EPS for the current year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, August 29th. CSX's payout ratio is 31.14%.

CSX 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.