WealthTrust Axiom LLC Has $1.46 Million Position in CSX Co. (NASDAQ:CSX)

WealthTrust Axiom LLC lowered its holdings in CSX Co. (NASDAQ:CSX) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,216 shares of the transportation company’s stock after selling 2,922 shares during the quarter. WealthTrust Axiom LLC’s holdings in CSX were worth $1,464,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. High Net Worth Advisory Group LLC boosted its stake in CSX by 1.7% in the fourth quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock worth $614,000 after purchasing an additional 304 shares in the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of CSX by 1.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock valued at $978,000 after acquiring an additional 304 shares during the period. Cornercap Investment Counsel Inc. lifted its stake in shares of CSX by 0.3% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock valued at $4,169,000 after acquiring an additional 309 shares during the period. Astoria Portfolio Advisors LLC. lifted its stake in shares of CSX by 2.4% during the third quarter. Astoria Portfolio Advisors LLC. now owns 14,672 shares of the transportation company’s stock valued at $434,000 after acquiring an additional 349 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of CSX by 2.0% during the third quarter. Parkside Financial Bank & Trust now owns 17,967 shares of the transportation company’s stock valued at $552,000 after acquiring an additional 352 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Down 2.2 %

Shares of CSX stock traded down $0.76 during trading hours on Tuesday, hitting $33.19. The company’s stock had a trading volume of 11,835,436 shares, compared to its average volume of 12,341,932. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The stock has a 50 day moving average of $36.56 and a 200 day moving average of $34.53. The company has a market capitalization of $64.88 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts predict that CSX Co. will post 1.95 earnings per share for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.45%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of CSX in a research note on Thursday, April 18th. Royal Bank of Canada cut their price target on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. TD Cowen upped their price target on CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Finally, Raymond James upped their price target on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

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.