CSX Co. (NASDAQ:CSX) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its stake in shares of CSX Co. (NASDAQ:CSX) by 17.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,359 shares of the transportation company’s stock after selling 3,680 shares during the quarter. First Horizon Advisors Inc.’s holdings in CSX were worth $602,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in CSX by 416.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,070,296 shares of the transportation company’s stock valued at $155,912,000 after acquiring an additional 4,089,150 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of CSX by 10.4% during the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after purchasing an additional 2,748,738 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of CSX by 68.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,234,797 shares of the transportation company’s stock worth $160,970,000 after purchasing an additional 2,119,965 shares during the last quarter. Barclays PLC lifted its stake in CSX by 29.0% in the 3rd quarter. Barclays PLC now owns 7,160,597 shares of the transportation company’s stock valued at $220,189,000 after buying an additional 1,609,942 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in CSX by 43.8% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 4,752,117 shares of the transportation company’s stock valued at $146,128,000 after buying an additional 1,446,685 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.8 %

CSX stock opened at $33.85 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The company has a market cap of $66.17 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 2.03 and a beta of 1.19. The business has a fifty day simple moving average of $36.23 and a 200-day simple moving average of $34.54. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings results 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 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 firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, equities research analysts expect that CSX Co. will post 1.95 EPS for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.12 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 annualized dividend and a yield of 1.42%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CSX. StockNews.com cut CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Stifel Nicolaus boosted their target price on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. UBS Group decreased their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of CSX in a research report on Thursday, April 18th. Finally, Royal Bank of Canada decreased their target price on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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 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.