Candriam Luxembourg S.C.A. decreased its stake in shares of CSX Co. (NASDAQ:CSX) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 67,983 shares of the transportation company’s stock after selling 2,329 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in CSX were worth $4,919,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. Asset Dedication LLC boosted its holdings in CSX by 22.3% during the fourth quarter. Asset Dedication LLC now owns 734 shares of the transportation company’s stock worth $52,000 after buying an additional 134 shares in the last quarter. Covington Capital Management boosted its holdings in CSX by 1.2% during the third quarter. Covington Capital Management now owns 11,845 shares of the transportation company’s stock worth $821,000 after buying an additional 145 shares in the last quarter. Tiedemann Advisors LLC boosted its holdings in CSX by 3.2% during the third quarter. Tiedemann Advisors LLC now owns 4,839 shares of the transportation company’s stock worth $334,000 after buying an additional 148 shares in the last quarter. Indiana Trust & Investment Management CO boosted its holdings in CSX by 3.1% during the fourth quarter. Indiana Trust & Investment Management CO now owns 4,975 shares of the transportation company’s stock worth $360,000 after buying an additional 150 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in CSX by 1.9% during the third quarter. Flagship Harbor Advisors LLC now owns 9,191 shares of the transportation company’s stock worth $636,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 76.19% of the company’s stock.
CSX opened at $79.59 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.52 and a debt-to-equity ratio of 1.35. The company has a market cap of $61.78 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.48 and a beta of 1.17. CSX Co. has a 52-week low of $63.97 and a 52-week high of $80.73. The firm’s fifty day simple moving average is $75.45 and its two-hundred day simple moving average is $71.00.
CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.94 billion. CSX had a net margin of 27.91% and a return on equity of 27.49%. The company’s revenue was down 8.2% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. On average, research analysts forecast that CSX Co. will post 4.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.31%. This is an increase from CSX’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, February 27th. CSX’s dividend payout ratio (DPR) is presently 23.02%.
A number of analysts recently issued reports on the stock. BidaskClub raised shares of CSX from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Argus set a $82.00 price target on shares of CSX and gave the stock a “buy” rating in a report on Friday, October 18th. Credit Suisse Group increased their price target on shares of CSX from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Citigroup downgraded shares of CSX from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $80.00 to $75.00 in a report on Tuesday, December 10th. Finally, Deutsche Bank raised shares of CSX from a “hold” rating to a “buy” rating and increased their price target for the stock from $72.00 to $90.00 in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $78.90.
CSX Company Profile
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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