Leavell Investment Management Inc. Decreases Position in CSX Co. (NASDAQ:CSX)

Leavell Investment Management Inc. trimmed its position in CSX Co. (NASDAQ:CSX) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,045 shares of the transportation company’s stock after selling 693 shares during the period. Leavell Investment Management Inc.’s holdings in CSX were worth $1,228,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CSX. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CSX by 20.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after buying an additional 80,423 shares during the last quarter. Diversified Trust Co grew its stake in CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after acquiring an additional 46,473 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in CSX in the 4th quarter valued at about $1,084,000. Thrivent Financial for Lutherans lifted its stake in CSX by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock worth $116,521,000 after purchasing an additional 24,430 shares in the last quarter. Finally, Carnegie Investment Counsel boosted its holdings in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock worth $19,751,000 after purchasing an additional 8,474 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSX has been the subject of several recent research reports. Stifel Nicolaus cut their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. BMO Capital Markets cut their target price on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Loop Capital cut shares of 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 research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, TD Cowen reduced their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Trading Down 0.6 %

CSX opened at $32.92 on Thursday. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. 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 business has a fifty day simple moving average of $32.82 and a 200-day simple moving average of $33.84. The firm has a market cap of $63.48 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 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, equities analysts expect that CSX Co. will post 1.86 earnings per share for the current year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is 26.82%.

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.