CSX Co. (NASDAQ:CSX) Shares Sold by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. decreased its holdings in CSX Co. (NASDAQ:CSX) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,034 shares of the transportation company’s stock after selling 646 shares during the quarter. Gibraltar Capital Management Inc.’s holdings in CSX were worth $1,131,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Valley Wealth Managers Inc. lifted its position in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the period. Sierra Ocean LLC bought a new stake in shares of CSX in the 4th quarter worth $33,000. Center for Financial Planning Inc. lifted its holdings in shares of CSX by 205.7% in the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after buying an additional 720 shares during the period. Addison Advisors LLC raised its position in 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 grew its stake in shares of CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after purchasing an additional 336 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on CSX shares. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, January 10th. BMO Capital Markets decreased their price target on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Robert W. Baird decreased their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Trading Up 0.9 %

Shares of NASDAQ:CSX opened at $32.09 on Wednesday. CSX Co. has a 52-week low of $31.43 and a 52-week high of $38.70. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The company has a market cap of $61.88 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.92 and a beta of 1.23. The stock’s 50-day moving average is $32.59 and its 200-day moving average is $33.74.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 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%. Equities research analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.62%. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. CSX’s payout ratio is currently 29.05%.

CSX Company 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.