Quadrant Capital Group LLC Decreases Stock Holdings in CSX Co. (NASDAQ:CSX)

Quadrant Capital Group LLC lessened its holdings in CSX Co. (NASDAQ:CSX) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,661 shares of the transportation company’s stock after selling 1,283 shares during the quarter. Quadrant Capital Group LLC’s holdings in CSX were worth $731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hilltop Holdings Inc. acquired a new position in shares of CSX in the 3rd quarter valued at $323,000. Jacobs Levy Equity Management Inc. acquired a new position in CSX in the third quarter valued at $211,000. Quantinno Capital Management LP grew its holdings in shares of CSX by 65.6% during the third quarter. Quantinno Capital Management LP now owns 146,328 shares of the transportation company’s stock worth $5,053,000 after purchasing an additional 57,978 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of CSX during the third quarter worth about $600,000. Finally, Stifel Financial Corp lifted its holdings in shares of CSX by 1.8% in the 3rd quarter. Stifel Financial Corp now owns 891,002 shares of the transportation company’s stock valued at $30,766,000 after purchasing an additional 16,166 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CSX. Wells Fargo & Company dropped their price target on CSX from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. 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. Raymond James reissued 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. Susquehanna reduced their target price on shares of CSX from $39.00 to $37.00 and set a “positive” rating for the company in a report on Thursday, March 27th. Finally, Robert W. Baird lowered their price target on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.20.

CSX Price Performance

CSX stock opened at $27.21 on Monday. The firm has a 50 day moving average of $31.32 and a 200-day moving average of $33.02. The company has a market cap of $51.28 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.92 and a beta of 1.22. 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 12-month low of $26.95 and a 12-month high of $37.10.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS 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%. As a group, equities analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, February 28th. CSX’s dividend payout ratio (DPR) is 29.05%.

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.