CSX Co. (NASDAQ:CSX) Stock Position Decreased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. decreased its position in CSX Co. (NASDAQ:CSX) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,675 shares of the transportation company’s stock after selling 2,384 shares during the quarter. E Fund Management Co. Ltd.’s holdings in CSX were worth $682,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. National Pension Service raised its holdings in CSX by 2.7% during the fourth quarter. National Pension Service now owns 4,150,902 shares of the transportation company’s stock valued at $143,912,000 after buying an additional 108,229 shares in the last quarter. Everpar Advisors LLC acquired a new position in shares of CSX during the 4th quarter valued at about $677,000. Gryphon Financial Partners LLC lifted its holdings in CSX by 7.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 20,416 shares of the transportation company’s stock worth $693,000 after purchasing an additional 1,422 shares during the last quarter. Barlow Wealth Partners Inc. bought a new stake in CSX during the fourth quarter worth approximately $361,000. Finally, Patrick M Sweeney & Associates Inc. acquired a new position in CSX during the fourth quarter valued at approximately $991,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

CSX has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Raymond James raised their price target on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. TD Cowen boosted their price objective on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Susquehanna raised their target price on CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. Finally, Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of CSX in a report 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.00.

CSX Price Performance

Shares of CSX stock traded up $0.26 during mid-day trading on Wednesday, reaching $34.22. 8,092,222 shares of the 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 price-to-earnings-growth ratio of 2.03 and a beta of 1.19. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The firm has a 50-day simple moving average of $36.06 and a 200 day simple moving average of $34.64.

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, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion during 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 business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. On average, sell-side analysts predict that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. CSX’s dividend payout ratio (DPR) is currently 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.