CSX Co. (NASDAQ:CSX) Shares Sold by FSA Wealth Management LLC

FSA Wealth Management LLC reduced its stake in shares of CSX Co. (NASDAQ:CSX) by 29.5% in the 4th quarter, HoldingsChannel reports. The firm owned 884 shares of the transportation company’s stock after selling 370 shares during the quarter. FSA Wealth Management LLC’s holdings in CSX were worth $29,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSX. Joel Isaacson & Co. LLC raised its holdings in shares of CSX by 2.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock worth $421,000 after acquiring an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. raised its stake in CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 313 shares during the last quarter. West Branch Capital LLC lifted its holdings in CSX by 3.3% in the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock valued at $333,000 after purchasing an additional 332 shares in the last quarter. Alhambra Investment Management LLC boosted its stake in shares of CSX by 4.3% during the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company’s stock worth $268,000 after purchasing an additional 342 shares during the last quarter. Finally, Trust Point Inc. grew its holdings in shares of CSX by 2.6% during the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company’s stock worth $443,000 after buying an additional 344 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CSX. Wells Fargo & Company lowered their target price on shares of CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus lowered their price objective on CSX from $37.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Bank of America reduced their target price on CSX from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Finally, Citigroup dropped their price objective on shares of CSX from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.95.

CSX Stock Performance

Shares of CSX stock opened at $27.46 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 1 year low of $26.22 and a 1 year high of $37.10. The firm’s 50-day simple moving average is $29.96 and its 200-day simple moving average is $32.43. The firm has a market cap of $51.76 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.13 dividend. This is an increase from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.89%. CSX’s dividend payout ratio (DPR) is 31.14%.

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.