Siemens Fonds Invest GmbH Decreases Stake in CSX Co. (NASDAQ:CSX)

Siemens Fonds Invest GmbH cut its holdings in CSX Co. (NASDAQ:CSX) by 98.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,468 shares of the transportation company’s stock after selling 90,963 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in CSX were worth $47,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CSX. Wedge Capital Management L L P NC purchased a new stake in CSX during the fourth quarter worth $11,568,000. Merit Financial Group LLC boosted its position in CSX by 48.8% during the fourth quarter. Merit Financial Group LLC now owns 25,664 shares of the transportation company’s stock worth $828,000 after purchasing an additional 8,412 shares in the last quarter. Sanibel Captiva Trust Company Inc. boosted its position in CSX by 6.1% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 46,518 shares of the transportation company’s stock worth $1,501,000 after purchasing an additional 2,687 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of CSX by 15.8% in the fourth quarter. HB Wealth Management LLC now owns 71,186 shares of the transportation company’s stock valued at $2,297,000 after acquiring an additional 9,721 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in shares of CSX by 88.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 11,250 shares of the transportation company’s stock valued at $363,000 after acquiring an additional 5,281 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $31.32 on Monday. The firm has a market capitalization of $58.84 billion, a PE ratio of 17.50, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The business has a 50-day moving average of $28.81 and a two-hundred day moving average of $31.75. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.53 billion. As a group, research analysts forecast that CSX Co. will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, May 30th. CSX’s payout ratio is 31.14%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Susquehanna reduced their price objective on CSX from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Argus set a $32.00 price objective on CSX in a research report on Friday, April 25th. Citigroup reduced their price objective on CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus dropped their target price on CSX from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, UBS Group dropped their target price on CSX from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.90.

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.