Tranquility Partners LLC Sells 977 Shares of CSX Co. (NASDAQ:CSX)

Tranquility Partners LLC lessened its stake in shares of CSX Co. (NASDAQ:CSX) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,498 shares of the transportation company’s stock after selling 977 shares during the period. Tranquility Partners LLC’s holdings in CSX were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Valley Wealth Managers Inc. lifted its position in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in CSX in the 3rd quarter worth approximately $31,000. Addison Advisors LLC increased its position in CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after buying an additional 336 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of CSX in the fourth quarter worth $39,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

Shares of CSX stock opened at $32.92 on Thursday. The stock has a market cap of $63.48 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 1.91 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The company’s fifty day moving average is $32.82 and its 200 day moving average is $33.84.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Sell-side analysts forecast that CSX Co. will post 1.86 EPS for the current year.

CSX Increases Dividend

The company also recently announced 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 is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.58%. CSX’s dividend payout ratio (DPR) is currently 26.82%.

Analyst Ratings Changes

CSX has been the subject of a number of research reports. Citigroup reduced their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Stifel Nicolaus decreased their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Robert W. Baird cut their price target on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. TD Cowen reduced their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, Raymond James restated an “outperform” rating and issued a $37.00 target price (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.16.

About CSX

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.