Swiss National Bank Lowers Holdings in CSX Co. (NASDAQ:CSX)

Swiss National Bank decreased its holdings in CSX Co. (NASDAQ:CSX) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,273,800 shares of the transportation company’s stock after selling 314,900 shares during the quarter. Swiss National Bank’s holdings in CSX were worth $217,513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSX. Fortitude Family Office LLC acquired a new position in shares of CSX in the 4th quarter valued at about $27,000. Life Planning Partners Inc acquired a new position in shares of CSX in the 4th quarter valued at about $27,000. Venturi Wealth Management LLC lifted its stake in shares of CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 692 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CSX in the 4th quarter valued at about $34,000. Finally, Avion Wealth lifted its position in CSX by 450.5% during the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after acquiring an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CSX. Bank of America reduced their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Stifel Nicolaus boosted their price target on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Jefferies Financial Group reduced their price target on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. BMO Capital Markets boosted their price target on CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, TD Cowen boosted their price target on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Stock Performance

Shares of CSX stock traded up $0.28 on Friday, hitting $33.85. 6,617,956 shares of the stock traded hands, compared to its average volume of 12,311,956. 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 $66.17 billion, a PE ratio of 18.60, a PEG ratio of 1.99 and a beta of 1.19. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company’s fifty day moving average is $36.32 and its 200 day moving average is $34.52.

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

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from CSX’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) is 26.37%.

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.