Douglass Winthrop Advisors LLC Grows Position in CSX Co. (NASDAQ:CSX)

Douglass Winthrop Advisors LLC boosted its stake in CSX Co. (NASDAQ:CSX) by 70.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,311 shares of the transportation company’s stock after buying an additional 24,135 shares during the period. Douglass Winthrop Advisors LLC’s holdings in CSX were worth $1,882,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of CSX in the 4th quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new position in shares of CSX during the 4th quarter worth approximately $33,000. Center for Financial Planning Inc. increased its holdings in CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 720 shares during the last quarter. Atala Financial Inc purchased a new stake in CSX in the fourth quarter valued at approximately $36,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in CSX during the fourth quarter worth $39,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Down 0.3 %

NASDAQ:CSX opened at $29.98 on Friday. CSX Co. has a 1 year low of $28.98 and a 1 year high of $38.03. The stock has a market cap of $56.80 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a 50-day simple moving average of $32.07 and a 200-day simple moving average of $33.39.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, analysts anticipate 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 paid a dividend of $0.13 per share. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio (DPR) is currently 29.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Barclays dropped their target price on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX in a research report on Friday, March 7th. They set a “hold” rating and a $34.00 price target on the stock. Stephens restated an “overweight” rating and issued a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Finally, Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

About CSX

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.