Rathbones Group PLC Has $3.90 Million Stake in CSX Corporation $CSX

Rathbones Group PLC trimmed its position in shares of CSX Corporation (NASDAQ:CSX) by 48.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,697 shares of the transportation company’s stock after selling 99,757 shares during the quarter. Rathbones Group PLC’s holdings in CSX were worth $3,904,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CSX. FNY Investment Advisers LLC raised its position in shares of CSX by 437.3% during the third quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock worth $25,000 after purchasing an additional 586 shares during the period. WFA of San Diego LLC acquired a new position in shares of CSX during the second quarter worth approximately $28,000. Pinnacle Bancorp Inc. raised its position in shares of CSX by 121.5% during the third quarter. Pinnacle Bancorp Inc. now owns 1,329 shares of the transportation company’s stock worth $47,000 after purchasing an additional 729 shares during the period. Aventura Private Wealth LLC acquired a new position in shares of CSX during the fourth quarter worth approximately $63,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of CSX during the third quarter worth approximately $67,000. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CSX shares. Citigroup lowered their price target on CSX from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. JPMorgan Chase & Co. lowered their price target on CSX from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Evercore lowered CSX from an “outperform” rating to an “in-line” rating and set a $41.00 price target for the company. in a research report on Thursday, March 19th. Raymond James Financial increased their price target on CSX from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Finally, Bank of America lowered their price target on CSX from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Eighteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.19.

CSX Trading Up 0.6%

NASDAQ CSX opened at $41.48 on Tuesday. The firm has a market capitalization of $77.18 billion, a P/E ratio of 26.94, a PEG ratio of 2.29 and a beta of 1.25. The business has a fifty day simple moving average of $40.43 and a 200 day simple moving average of $37.36. CSX Corporation has a 12 month low of $26.22 and a 12 month high of $43.35. The company has a current ratio of 0.81, a quick ratio of 0.69 and a debt-to-equity ratio of 1.38.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.59 billion. CSX had a net margin of 20.50% and a return on equity of 23.88%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. On average, analysts predict that CSX Corporation will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $0.14 dividend. This is a boost from CSX’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 27th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. CSX’s dividend payout ratio is currently 36.36%.

Insider Buying and Selling at CSX

In other CSX news, EVP Stephen Fortune sold 31,456 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $38.65, for a total value of $1,215,774.40. Following the completion of the transaction, the executive vice president owned 82,034 shares in the company, valued at $3,170,614.10. This represents a 27.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen F. Angel acquired 25,000 shares of CSX stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $40.27 per share, with a total value of $1,006,750.00. Following the purchase, the chief executive officer directly owned 146,540 shares in the company, valued at approximately $5,901,165.80. This trade represents a 20.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 188,123 shares of company stock worth $7,454,854 in the last quarter. 0.55% of the stock is currently owned by company insiders.

CSX Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.