Bfsg LLC Sells 20,991 Shares of CSX Co. (NASDAQ:CSX)

Bfsg LLC cut its holdings in shares of CSX Co. (NASDAQ:CSX) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 284,542 shares of the transportation company’s stock after selling 20,991 shares during the period. CSX accounts for approximately 1.1% of Bfsg LLC’s holdings, making the stock its 20th biggest holding. Bfsg LLC’s holdings in CSX were worth $9,182,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its stake in CSX by 255.9% in the third quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company’s stock valued at $259,000 after acquiring an additional 5,396 shares during the last quarter. Creative Planning raised its position in shares of CSX by 2.2% during the 3rd quarter. Creative Planning now owns 634,696 shares of the transportation company’s stock valued at $21,916,000 after acquiring an additional 13,613 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of CSX by 17.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 44,781 shares of the transportation company’s stock valued at $1,546,000 after purchasing an additional 6,575 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of CSX by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 875,550 shares of the transportation company’s stock worth $30,233,000 after purchasing an additional 25,810 shares during the last quarter. Finally, New Century Financial Group LLC increased its holdings in CSX by 22.0% in the third quarter. New Century Financial Group LLC now owns 10,751 shares of the transportation company’s stock valued at $371,000 after purchasing an additional 1,940 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of NASDAQ CSX opened at $33.37 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The firm has a market cap of $64.35 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.91 and a beta of 1.23. The stock’s fifty day moving average price is $32.72 and its two-hundred day moving average price is $33.80. CSX Co. has a one year low of $31.43 and a one year high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities analysts forecast that CSX Co. will post 1.86 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.56%. CSX’s payout ratio is currently 26.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CSX shares. BMO Capital Markets reduced their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Stephens reissued an “overweight” rating and set a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of CSX in a report on Monday, January 27th. Finally, Wells Fargo & Company dropped their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and an average price target of $37.16.

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.