Blue Trust Inc. Cuts Stock Holdings in CSX Co. (NASDAQ:CSX)

Blue Trust Inc. cut its position in shares of CSX Co. (NASDAQ:CSX) by 28.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,552 shares of the transportation company’s stock after selling 18,637 shares during the period. Blue Trust Inc.’s holdings in CSX were worth $1,535,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Planning Inc acquired a new stake in shares of CSX during the 4th quarter valued at about $243,000. V Square Quantitative Management LLC grew its holdings in CSX by 3.9% in the fourth quarter. V Square Quantitative Management LLC now owns 40,802 shares of the transportation company’s stock valued at $1,317,000 after purchasing an additional 1,524 shares during the period. Palacios Wealth Management LLC purchased a new stake in shares of CSX in the fourth quarter valued at approximately $204,000. Compagnie Lombard Odier SCmA raised its stake in shares of CSX by 2.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 975,544 shares of the transportation company’s stock worth $31,481,000 after buying an additional 19,873 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of CSX by 3.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 752,788 shares of the transportation company’s stock valued at $24,435,000 after buying an additional 22,971 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CSX shares. BMO Capital Markets cut their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. 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. Barclays lowered their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Raymond James reissued an “outperform” rating and set a $37.00 target price (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Price Performance

CSX stock opened at $33.37 on Friday. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The business has a fifty day moving average of $32.72 and a two-hundred day moving average of $33.82. The stock has a market cap of $64.35 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, research analysts anticipate that CSX Co. will post 1.86 earnings per share for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is 26.82%.

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.