Community Bank & Trust Waco Texas Buys 6,007 Shares of CSX Co. (NASDAQ:CSX)

Community Bank & Trust Waco Texas grew its holdings in shares of CSX Co. (NASDAQ:CSX) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,191 shares of the transportation company’s stock after acquiring an additional 6,007 shares during the period. Community Bank & Trust Waco Texas’ holdings in CSX were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Value Partners Investments Inc. bought a new stake in shares of CSX during the 3rd quarter valued at $1,172,000. Morgan Stanley lifted its stake in shares of CSX by 3.1% during the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after buying an additional 739,411 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of CSX by 3,241.9% during the 4th quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock valued at $8,158,000 after buying an additional 228,263 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CSX by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock valued at $25,078,000 after buying an additional 34,730 shares in the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of CSX during the 4th quarter valued at $1,279,000. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Benchmark restated a “buy” rating and set a $40.00 target price on shares of CSX in a research note on Thursday, April 18th. BMO Capital Markets boosted their price target on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. UBS Group decreased their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. TD Cowen boosted their price target on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Finally, StockNews.com cut shares of CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

CSX Trading Down 3.4 %

CSX stock traded down $1.18 during mid-day trading on Wednesday, reaching $33.54. The company had a trading volume of 7,613,077 shares, compared to its average volume of 12,183,348. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The company has a market capitalization of $65.57 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18. The firm has a 50 day moving average of $36.79 and a 200 day moving average of $34.45. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period last year, the firm earned $0.48 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts predict that CSX Co. will post 1.95 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio (DPR) is currently 26.37%.

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.