FCA Corp TX Reduces Stock Holdings in CSX Co. (NASDAQ:CSX)

FCA Corp TX trimmed its position in CSX Co. (NASDAQ:CSX) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,339 shares of the transportation company’s stock after selling 1,222 shares during the period. CSX comprises 1.2% of FCA Corp TX’s portfolio, making the stock its 29th biggest holding. FCA Corp TX’s holdings in CSX were worth $3,851,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC lifted its position in shares of CSX by 2.5% during the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after buying an additional 293 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of CSX during the 3rd quarter valued at about $754,000. Pacer Advisors Inc. lifted its position in shares of CSX by 18.7% during the 3rd quarter. Pacer Advisors Inc. now owns 356,140 shares of the transportation company’s stock valued at $12,298,000 after buying an additional 56,109 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of CSX by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,592,143 shares of the transportation company’s stock valued at $400,277,000 after buying an additional 51,597 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in shares of CSX during the 3rd quarter valued at about $387,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CSX shares. Royal Bank of Canada lowered their price objective on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company lowered their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Raymond James reissued an “outperform” rating and issued a $37.00 price target (down from $38.00) on shares of CSX in a report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. Finally, Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.00.

CSX Stock Down 1.4 %

NASDAQ:CSX opened at $29.57 on Friday. CSX Co. has a 1-year low of $28.98 and a 1-year high of $37.40. The company has a 50-day moving average of $32.03 and a 200 day moving average of $33.35. The firm has a market cap of $56.02 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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, research analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.13 dividend. The ex-dividend date was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. CSX’s payout ratio is currently 29.05%.

CSX Company 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.