Mawer Investment Management Ltd. trimmed its stake in CSX Co. (NASDAQ:CSX) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 479,700 shares of the transportation company’s stock after selling 2,112 shares during the quarter. Mawer Investment Management Ltd. owned 0.06% of CSX worth $43,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of CSX. Slow Capital Inc. purchased a new stake in shares of CSX in the third quarter worth approximately $31,000. Clearview Wealth Advisors LLC purchased a new stake in shares of CSX in the fourth quarter worth approximately $33,000. ForthRight Wealth Management LLC bought a new position in CSX during the fourth quarter valued at approximately $33,000. Freestone Capital Holdings LLC bought a new position in CSX during the third quarter valued at approximately $39,000. Finally, Pacifica Partners Inc. bought a new position in CSX during the fourth quarter valued at approximately $45,000. 73.75% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on CSX shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on shares of CSX from $87.00 to $105.00 in a research report on Monday, January 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of CSX from $97.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, November 30th. Argus raised their price objective on shares of CSX from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 25th. UBS Group lifted their price target on shares of CSX from $95.00 to $102.00 and gave the company a “buy” rating in a research report on Friday, January 22nd. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their price target on shares of CSX from $60.00 to $62.00 and gave the company an “underweight” rating in a research report on Friday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $88.63.
CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, January 20th. The transportation company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.04. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.75 billion. CSX had a return on equity of 22.83% and a net margin of 26.08%. During the same period last year, the business earned $0.99 earnings per share. On average, equities research analysts expect that CSX Co. will post 3.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Friday, February 26th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, February 25th. This is a boost from CSX’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.22%. CSX’s dividend payout ratio (DPR) is presently 24.94%.
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 transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, 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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