CSX Co. (NASDAQ:CSX) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC lowered its holdings in shares of CSX Co. (NASDAQ:CSX) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,583 shares of the transportation company’s stock after selling 1,500 shares during the period. NTV Asset Management LLC’s holdings in CSX were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lazard Asset Management LLC lifted its position in CSX by 10.4% in the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after buying an additional 2,748,738 shares in the last quarter. Morgan Stanley raised its holdings in shares of CSX by 3.1% in the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after buying an additional 739,411 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of 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 purchasing an additional 470,640 shares in the last quarter. Northern Trust Corp grew its stake in CSX by 1.4% during the third quarter. Northern Trust Corp now owns 21,307,242 shares of the transportation company’s stock worth $655,198,000 after buying an additional 303,684 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in CSX by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,082,663 shares of the transportation company’s stock valued at $340,792,000 after purchasing an additional 56,856 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.8 %

NASDAQ:CSX traded up $0.28 on Friday, reaching $33.85. 6,618,097 shares of the stock traded hands, compared to its average volume of 14,806,096. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company’s 50 day moving average is $36.23 and its 200-day moving average is $34.59. The firm has a market capitalization of $66.17 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19.

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

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from CSX’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio is presently 26.37%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CSX shares. UBS Group reduced their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Jefferies Financial Group reduced their price target on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Raymond James lifted their price objective on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Stifel Nicolaus increased their target price on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Bank of America lowered their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.