TD Private Client Wealth LLC Lowers Stock Holdings in CSX Co. (NASDAQ:CSX)

TD Private Client Wealth LLC reduced its stake in CSX Co. (NASDAQ:CSX) by 2.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 27,247 shares of the transportation company’s stock after selling 823 shares during the quarter. TD Private Client Wealth LLC’s holdings in CSX were worth $879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rehmann Capital Advisory Group boosted its stake in shares of CSX by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after acquiring an additional 306 shares in the last quarter. Associated Banc Corp raised its holdings in CSX by 0.6% in the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after purchasing an additional 310 shares during the period. Joel Isaacson & Co. LLC boosted its position in CSX by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock worth $421,000 after purchasing an additional 310 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its holdings in CSX by 1.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 313 shares during the period. Finally, West Branch Capital LLC increased its position in shares of CSX by 3.3% in the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock valued at $333,000 after buying an additional 332 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 1.4 %

CSX opened at $29.57 on Monday. The stock has a market capitalization of $56.02 billion, a P/E ratio of 16.52, a price-to-earnings-growth 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. CSX Co. has a one year low of $28.98 and a one year high of $37.40. The business’s 50-day simple moving average is $32.03 and its 200-day simple moving average is $33.34.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. Analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio (DPR) is 29.05%.

Analysts Set New Price Targets

Several brokerages recently commented on CSX. Susquehanna cut their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, January 10th. Finally, Barclays reduced their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.