Icon Advisers Inc. Co. Has $1.18 Million Holdings in CSX Co. (NASDAQ:CSX)

Icon Advisers Inc. Co. decreased its holdings in shares of CSX Co. (NASDAQ:CSX) by 47.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,500 shares of the transportation company’s stock after selling 33,000 shares during the quarter. Icon Advisers Inc. Co.’s holdings in CSX were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CSX. SBI Securities Co. Ltd. bought a new position in CSX in the 4th quarter worth $31,000. Sierra Ocean LLC bought a new stake in CSX during the fourth quarter worth about $33,000. Center for Financial Planning Inc. increased its holdings in CSX by 205.7% during 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 in the last quarter. Meeder Asset Management Inc. raised its position in CSX by 216.2% in the 4th quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 746 shares during the last quarter. Finally, Atala Financial Inc bought a new stake in shares of CSX during the fourth quarter worth $36,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 0.7 %

CSX stock opened at $28.01 on Monday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a market cap of $52.79 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The business has a 50 day moving average of $30.58 and a 200 day moving average of $32.71.

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%. On average, research analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.86%. CSX’s payout ratio is 29.05%.

Analyst Ratings Changes

Several research firms have weighed in on CSX. Wells Fargo & Company lowered their price objective on shares of CSX from $34.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Citigroup cut their target price on shares of CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada cut their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Susquehanna cut their target price on shares of CSX from $39.00 to $37.00 and set a “positive” rating on the stock in a report on Thursday, March 27th. Finally, UBS Group decreased their price target on shares of CSX from $39.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.70.

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.