Sigma Planning Corp Sells 29,923 Shares of CSX Co. (NASDAQ:CSX)

Sigma Planning Corp reduced its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 66.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,136 shares of the transportation company's stock after selling 29,923 shares during the quarter. Sigma Planning Corp's holdings in CSX were worth $525,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CSX. Fortitude Family Office LLC bought a new stake in shares of CSX during the fourth quarter worth $27,000. Life Planning Partners Inc bought a new stake in shares of CSX during the fourth quarter worth $27,000. Venturi Wealth Management LLC grew its holdings in shares of CSX by 228.4% during the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company's stock worth $31,000 after purchasing an additional 692 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CSX during the fourth quarter worth $34,000. Finally, Avion Wealth boosted its holdings in CSX by 450.5% in the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company's stock valued at $35,000 after acquiring an additional 820 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group decreased their price target on CSX from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Thursday, April 18th. StockNews.com cut CSX from a "buy" rating to a "hold" rating in a report on Wednesday, January 31st. Royal Bank of Canada decreased their price target on CSX from $37.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 18th. TD Cowen raised their price target on CSX from $32.00 to $36.00 and gave the company a "market perform" rating in a report on Thursday, January 25th. Finally, Raymond James raised their price target on CSX from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.00.

CSX Stock Down 0.1 %

Shares of NASDAQ CSX traded down $0.04 during mid-day trading on Friday, reaching $33.99. 10,661,942 shares of the company's stock were exchanged, compared to its average volume of 12,369,838. The firm has a market capitalization of $66.45 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.02 and a beta of 1.18. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The business has a fifty day simple moving average of $36.67 and a 200 day simple moving average of $34.45. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. CSX's revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. As a group, equities analysts expect that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.41%. This is a positive change from CSX's previous quarterly dividend of $0.11. CSX's dividend payout ratio (DPR) is currently 26.37%.

About CSX

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.