Hyman Charles D Trims Holdings in CSX Co. (NASDAQ:CSX)


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Hyman Charles D trimmed its position in CSX Co. (NASDAQ:CSX) by 0.1% in the 1st quarter, HoldingsChannel reports. The fund owned 279,345 shares of the transportation company’s stock after selling 371 shares during the quarter. CSX makes up about 2.0% of Hyman Charles D’s holdings, making the stock its 17th largest holding. Hyman Charles D’s holdings in CSX were worth $26,934,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vantage Consulting Group Inc purchased a new position in shares of CSX in the fourth quarter valued at $30,000. Grant Street Asset Management Inc. bought a new stake in CSX in the fourth quarter worth $32,000. ForthRight Wealth Management LLC bought a new stake in CSX in the fourth quarter worth $33,000. Clearview Wealth Advisors LLC bought a new stake in CSX in the fourth quarter worth $33,000. Finally, Perennial Advisors LLC bought a new stake in CSX in the fourth quarter worth $39,000. 73.75% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Nathan D. Goldman sold 36,254 shares of the business’s stock in a transaction dated Thursday, April 22nd. The stock was sold at an average price of $103.27, for a total transaction of $3,743,950.58. Following the sale, the executive vice president now owns 109,028 shares in the company, valued at $11,259,321.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John J. Zillmer sold 17,217 shares of the business’s stock in a transaction dated Thursday, April 22nd. The stock was sold at an average price of $102.92, for a total value of $1,771,973.64. Following the sale, the director now owns 140,000 shares in the company, valued at approximately $14,408,800. The disclosure for this sale can be found here. Insiders sold 2,001,520 shares of company stock worth $201,920,643 in the last quarter. 0.58% of the stock is owned by insiders.

A number of brokerages recently issued reports on CSX. Deutsche Bank Aktiengesellschaft raised their price target on CSX from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, April 27th. Cowen raised their price target on CSX from $84.00 to $91.00 and gave the stock a “market perform” rating in a research report on Friday, January 22nd. Credit Suisse Group decreased their target price on CSX from $114.00 to $113.00 and set an “outperform” rating for the company in a research report on Friday, January 22nd. BMO Capital Markets upgraded CSX from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $95.00 to $110.00 in a research report on Tuesday, April 27th. Finally, Stifel Nicolaus downgraded CSX from a “buy” rating to a “hold” rating and set a $92.00 target price for the company. in a research report on Friday, January 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $94.70.

CSX traded up $0.41 on Tuesday, hitting $101.79. The company had a trading volume of 72,704 shares, compared to its average volume of 3,850,894. The stock has a fifty day moving average price of $97.56 and a 200-day moving average price of $91.34. CSX Co. has a 12-month low of $60.00 and a 12-month high of $103.74. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.73 and a current ratio of 1.84. The stock has a market capitalization of $77.10 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 3.00 and a beta of 1.18.

CSX (NASDAQ:CSX) last posted its earnings results on Monday, April 19th. The transportation company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.02). CSX had a net margin of 26.08% and a return on equity of 22.83%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the firm earned $1.00 EPS. CSX’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts forecast that CSX Co. will post 3.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, February 25th. This is a positive change from CSX’s previous quarterly dividend of $0.26. CSX’s payout ratio is 26.86%.

CSX Company 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 transports chemicals, agricultural and food products, automotive, minerals, 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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