Altshuler Shaham Ltd Has $275,000 Holdings in CSX Co. (NASDAQ:CSX)

Altshuler Shaham Ltd cut its stake in CSX Co. (NASDAQ:CSX) by 22.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,942 shares of the transportation company’s stock after selling 2,238 shares during the period. Altshuler Shaham Ltd’s holdings in CSX were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC acquired a new position in shares of CSX during the 4th quarter worth about $27,000. Life Planning Partners Inc acquired a new position in shares of CSX during the 4th quarter worth about $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CSX during the 4th quarter worth about $34,000. Venturi Wealth Management LLC raised its stake in CSX by 228.4% in the third 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 period. Finally, Avion Wealth lifted its position in shares of 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 buying an additional 820 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Performance

Shares of NASDAQ:CSX traded up $0.28 during trading on Thursday, hitting $34.50. 11,379,485 shares of the company were exchanged, compared to its average volume of 12,187,102. The company has a market cap of $67.44 billion, a PE ratio of 18.96, a P/E/G ratio of 2.03 and a beta of 1.19. The stock has a 50 day moving average of $35.99 and a 200 day moving average of $34.63. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (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 company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the business posted $0.48 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts predict that CSX Co. will post 1.95 EPS for the current year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.39%. CSX’s dividend payout ratio is presently 26.37%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CSX shares. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of CSX in a report on Thursday, April 18th. Raymond James lifted their price target on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Bank of America lowered their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Jefferies Financial Group lowered their price objective on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Finally, Stifel Nicolaus lifted their price target on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Profile

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.