National Bank of Canada FI lowered its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 21.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,582,400 shares of the transportation company's stock after selling 696,201 shares during the period. National Bank of Canada FI owned about 0.13% of CSX worth $89,412,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in shares of CSX in the 4th quarter valued at about $27,000. Life Planning Partners Inc bought a new stake in shares of CSX in the 4th quarter valued at about $27,000. Venturi Wealth Management LLC grew its position in shares of CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company's stock valued at $31,000 after buying an additional 692 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CSX in the 4th quarter valued at about $34,000. Finally, Avion Wealth grew its position in shares of CSX by 450.5% in the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company's stock valued at $35,000 after buying an additional 820 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. TD Cowen upped their target price on CSX from $32.00 to $36.00 and gave the company a "market perform" rating in a research report on Thursday, January 25th. Benchmark restated a "buy" rating and set a $40.00 target price on shares of CSX in a research report on Thursday, April 18th. Jefferies Financial Group cut their target price on CSX from $40.00 to $38.00 and set a "hold" rating on the stock in a research report on Thursday, April 18th. Bank of America cut their target price on CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, April 18th. Finally, Susquehanna upped their target price on CSX from $42.00 to $44.00 and gave the company a "positive" rating in a research report on Thursday, March 28th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.00.
Read Our Latest Analysis on CSX
CSX Stock Performance
NASDAQ:CSX traded up $0.28 during trading hours on Friday, reaching $33.85. The stock had a trading volume of 6,618,097 shares, compared to its average volume of 14,806,096. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The stock has a 50 day simple moving average of $36.23 and a 200 day simple moving average of $34.59. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12. The stock has a market cap of $66.17 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19.
CSX (NASDAQ:CSX - Get Free Report) last posted 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. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the company earned $0.48 earnings per share. The business's revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts forecast that CSX Co. will post 1.95 EPS for the current fiscal year.
CSX Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.12 per share. This is a positive change from CSX's previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 annualized dividend and a yield of 1.42%. CSX's dividend payout ratio (DPR) is currently 26.37%.
About CSX
(
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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