CSX Co. (NASDAQ:CSX) Shares Sold by Hyman Charles D

Hyman Charles D reduced its position in CSX Co. (NASDAQ:CSX) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 799,412 shares of the transportation company’s stock after selling 19,900 shares during the period. CSX comprises 1.7% of Hyman Charles D’s investment portfolio, making the stock its 18th biggest position. Hyman Charles D’s holdings in CSX were worth $27,716,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC raised its position in CSX by 10.4% during the third quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after acquiring an additional 2,748,738 shares during the last quarter. Morgan Stanley raised its position in shares of CSX by 3.1% during the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after purchasing an additional 739,411 shares during the last quarter. Fisher Asset Management LLC lifted its stake in CSX by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 22,378,276 shares of the transportation company’s stock valued at $775,855,000 after buying an additional 470,640 shares in the last quarter. Northern Trust Corp grew its holdings in CSX by 1.4% during the 3rd quarter. Northern Trust Corp now owns 21,307,242 shares of the transportation company’s stock valued at $655,198,000 after buying an additional 303,684 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in CSX by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,217,832 shares of the transportation company’s stock worth $388,922,000 after buying an additional 135,169 shares in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. BMO Capital Markets increased their price objective on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. UBS Group lowered their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Raymond James upped their price objective on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Susquehanna lifted their target price on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research note on Thursday, March 28th. Finally, StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, CSX has a consensus rating of “Moderate Buy” and an average price target of $38.00.

CSX Trading Up 0.8 %

CSX traded up $0.26 on Wednesday, reaching $34.22. 8,092,222 shares of the company’s stock were exchanged, compared to its average volume of 12,196,176. The company has a market cap of $66.90 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.03 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company’s 50 day moving average is $36.06 and its 200-day moving average is $34.64.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts predict that CSX Co. will post 1.95 earnings per share for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. CSX’s dividend payout ratio is presently 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.