Blair William & Co. IL Decreases Position in CSX Co. (NASDAQ:CSX)

Blair William & Co. IL trimmed its holdings in shares of CSX Co. (NASDAQ:CSX) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,609 shares of the transportation company’s stock after selling 9,629 shares during the period. Blair William & Co. IL’s holdings in CSX were worth $5,215,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised its holdings in CSX by 0.6% during the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after buying an additional 455,258 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CSX by 0.5% in the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after acquiring an additional 190,346 shares during the period. Fisher Asset Management LLC raised its stake in shares of CSX by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company’s stock valued at $805,345,000 after acquiring an additional 299,536 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of CSX by 40.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock worth $753,507,000 after purchasing an additional 6,730,316 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in CSX by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,950,185 shares of the transportation company’s stock valued at $385,632,000 after purchasing an additional 358,042 shares during the period. 73.57% of the stock is owned by institutional investors.

CSX Price Performance

Shares of CSX opened at $29.11 on Monday. CSX Co. has a twelve month low of $28.98 and a twelve month high of $37.10. The company has a market capitalization of $54.86 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The firm has a 50 day moving average of $31.75 and a 200 day moving average of $33.20. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted its quarterly earnings results 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%. As a group, equities research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.13 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.79%. CSX’s payout ratio is 29.05%.

Analyst Ratings Changes

A number of equities analysts recently commented on CSX shares. Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 target price for the company. Citigroup decreased their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. cut their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets decreased their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada cut their price objective on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.75.

CSX 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.