Yousif Capital Management LLC lessened its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 276,957 shares of the transportation company's stock after selling 25,555 shares during the period. Yousif Capital Management LLC's holdings in CSX were worth $8,151,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of CSX by 14.7% during the fourth quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after purchasing an additional 15,029 shares in the last quarter. Waycross Partners LLC grew its stake in CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock valued at $19,990,000 after purchasing an additional 40,611 shares in the last quarter. Cercano Management LLC acquired a new position in shares of CSX in the 4th quarter valued at approximately $4,869,000. Geode Capital Management LLC boosted its stake in shares of CSX by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company's stock valued at $1,339,555,000 after buying an additional 726,507 shares during the last quarter. Finally, Principal Securities Inc. grew its position in shares of CSX by 6.4% during the fourth quarter. Principal Securities Inc. now owns 26,933 shares of the transportation company's stock worth $869,000 after buying an additional 1,614 shares in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.
CSX Stock Down 0.5%
CSX stock traded down $0.16 during mid-day trading on Thursday, hitting $32.16. The company's stock had a trading volume of 2,787,410 shares, compared to its average volume of 13,200,540. CSX Co. has a 52-week low of $26.22 and a 52-week high of $37.10. The company has a market cap of $60.41 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. 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 50 day moving average is $29.52 and its 200 day moving average is $31.33.
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 company had revenue of $3.42 billion for 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%. On average, analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.
CSX Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid 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 dividend yield of 1.62%. CSX's dividend payout ratio (DPR) is presently 31.14%.
Analyst Ratings Changes
CSX has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a "neutral" rating and issued a $35.00 target price on shares of CSX in a research note on Monday, June 2nd. Susquehanna lowered their target price on shares of CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Jefferies Financial Group dropped their price objective on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Argus set a $32.00 price target on CSX in a research report on Friday, April 25th. Finally, Bank of America upped their price objective on CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.95.
View Our Latest Stock Analysis 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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