CSX Co. (NASDAQ:CSX) Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,479,877 shares of the transportation company's stock after selling 87,160 shares during the quarter. Rhumbline Advisers owned about 0.18% of CSX worth $112,296,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other hedge funds and other institutional investors have also made changes to their positions in CSX. Valley Wealth Managers Inc. raised its holdings in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock worth $26,000 after purchasing an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the 3rd quarter worth approximately $31,000. Center for Financial Planning Inc. raised its holdings in shares of CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company's stock worth $35,000 after purchasing an additional 720 shares in the last quarter. Addison Advisors LLC increased its position in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock worth $36,000 after acquiring an additional 812 shares in the last quarter. Finally, Fortitude Family Office LLC increased its position in shares of CSX by 43.4% in the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company's stock worth $38,000 after acquiring an additional 336 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

Shares of CSX stock opened at $33.37 on Friday. The firm has a fifty day simple moving average of $32.72 and a 200-day simple moving average of $33.82. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The stock has a market capitalization of $64.35 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.91 and a beta of 1.23.

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CSX (NASDAQ:CSX - Get Free Report) 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 return on equity of 28.15% and a net margin of 23.95%. On average, sell-side analysts expect that CSX Co. will post 1.86 earnings per share for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from CSX's previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. CSX's payout ratio is presently 26.82%.

Analyst Ratings Changes

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Several research firms have recently weighed in on CSX. Susquehanna dropped their target price on shares of CSX from $40.00 to $39.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Stephens reissued an "overweight" rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Royal Bank of Canada dropped their target price on shares of CSX from $34.00 to $33.00 and set a "sector perform" rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group raised shares of CSX from a "hold" rating to a "buy" rating and set a $37.00 target price on the stock in a research report on Friday, January 10th. Finally, Raymond James reaffirmed 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. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.16.

Read Our Latest Report on CSX

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.

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