Pathstone Holdings LLC lessened its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 5.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 268,407 shares of the transportation company's stock after selling 14,064 shares during the quarter. Pathstone Holdings LLC's holdings in CSX were worth $8,662,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in CSX during the 4th quarter valued at $27,000. Accredited Wealth Management LLC acquired a new stake in shares of CSX in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new position in CSX during the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new stake in shares of CSX during the 4th quarter worth approximately $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of CSX by 219.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock valued at $34,000 after purchasing an additional 714 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.
CSX Price Performance
CSX traded up $0.02 during trading on Tuesday, reaching $31.23. 14,966,093 shares of the company were exchanged, compared to its average volume of 12,870,293. The company's 50-day moving average is $28.84 and its two-hundred day moving average is $31.74. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10. The company has a market cap of $58.67 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.
CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.53 billion. Research analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.
CSX Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio (DPR) is presently 31.14%.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Loop Capital lowered CSX from a "buy" rating to a "hold" rating and cut their price target for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. BMO Capital Markets lowered their target price on shares of CSX from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Barclays lowered their price target on shares of CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Robert W. Baird reduced their target price on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Finally, Jefferies Financial Group lowered their price target on CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.90.
Read Our Latest Stock Report on CSX
CSX Company 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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