CSX Co. (NASDAQ:CSX) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its position in shares of CSX Co. (NASDAQ:CSX) by 66.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,136 shares of the transportation company’s stock after selling 29,923 shares during the quarter. Sigma Planning Corp’s holdings in CSX were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CSX. Value Partners Investments Inc. purchased a new stake in CSX in the 3rd quarter valued at about $1,172,000. Morgan Stanley raised its holdings in CSX by 3.1% in the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after buying an additional 739,411 shares during the period. International Assets Investment Management LLC raised its holdings in CSX by 3,241.9% in the 4th quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock valued at $8,158,000 after buying an additional 228,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CSX by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock worth $25,078,000 after purchasing an additional 34,730 shares during the period. Finally, Sapient Capital LLC purchased a new stake in CSX during the fourth quarter worth about $1,279,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

CSX has been the topic of a number of recent research reports. UBS Group cut 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. TD Cowen boosted their price target on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Stifel Nicolaus boosted their price target on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. BMO Capital Markets boosted their price target on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Raymond James boosted their price target on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average price target of $38.00.

CSX Stock Performance

Shares of CSX opened at $34.03 on Friday. The stock has a 50 day moving average price of $36.67 and a 200 day moving average price of $34.45. 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 capitalization of $66.53 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12.

CSX (NASDAQ:CSX) last announced 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 period in the prior year, the company posted $0.48 earnings per share. Research analysts predict that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.41%. CSX’s dividend payout ratio (DPR) is currently 26.37%.

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.