PDS Planning Inc Sells 2,501 Shares of CSX Co. (NASDAQ:CSX)

PDS Planning Inc lowered its stake in shares of CSX Co. (NASDAQ:CSX) by 16.3% during the fourth quarter, HoldingsChannel reports. The firm owned 12,866 shares of the transportation company’s stock after selling 2,501 shares during the quarter. PDS Planning Inc’s holdings in CSX were worth $415,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CSX. Bank of New York Mellon Corp raised its stake in CSX by 40.5% in the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock valued at $753,507,000 after acquiring an additional 6,730,316 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of CSX during the 4th quarter worth $85,959,000. Perpetual Ltd bought a new stake in shares of CSX during the 4th quarter worth $83,301,000. River Road Asset Management LLC bought a new stake in shares of CSX during the 4th quarter worth $46,861,000. Finally, FMR LLC lifted its position in shares of CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after buying an additional 1,447,651 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Trading Down 0.2 %

Shares of CSX stock opened at $30.26 on Wednesday. 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 52 week low of $28.98 and a 52 week high of $38.03. The stock has a 50 day moving average price of $32.16 and a two-hundred day moving average price of $33.44. The stock has a market capitalization of $57.33 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last announced its quarterly earnings data 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%. As a group, equities analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is 29.05%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada dropped their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Raymond James restated an “outperform” rating and set a $37.00 price objective (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, January 10th. Robert W. Baird lowered their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Finally, Citigroup lowered their price objective on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

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.