Guardian Investment Management Sells 1,000 Shares of CSX Co. (NASDAQ:CSX)

Guardian Investment Management lessened its position in CSX Co. (NASDAQ:CSX) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 45,150 shares of the transportation company’s stock after selling 1,000 shares during the period. CSX accounts for about 1.3% of Guardian Investment Management’s investment portfolio, making the stock its 23rd largest holding. Guardian Investment Management’s holdings in CSX were worth $1,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Tranquility Partners LLC raised its holdings in CSX by 40.5% in the 4th quarter. Tranquility Partners LLC now owns 11,961 shares of the transportation company’s stock worth $415,000 after acquiring an additional 3,449 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of CSX by 11.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 321,912 shares of the transportation company’s stock worth $11,161,000 after purchasing an additional 32,221 shares during the period. Sfmg LLC increased its holdings in shares of CSX by 1.0% during the 4th quarter. Sfmg LLC now owns 296,757 shares of the transportation company’s stock worth $10,289,000 after purchasing an additional 2,874 shares during the period. Kiley Juergens Wealth Management LLC increased its holdings in shares of CSX by 16.6% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 12,644 shares of the transportation company’s stock worth $438,000 after purchasing an additional 1,800 shares during the period. Finally, Tyche Wealth Partners LLC bought a new position in shares of CSX during the 4th quarter worth about $285,000. Institutional investors own 73.57% of the company’s stock.

CSX Trading Up 1.0 %

Shares of CSX traded up $0.34 on Thursday, reaching $34.50. 15,501,031 shares of the company’s stock were exchanged, compared to its average volume of 11,962,398. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $67.54 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18. The business has a 50 day moving average price of $36.98 and a two-hundred day moving average price of $34.32. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. CSX had a net margin of 25.35% and a return on equity of 30.52%. CSX’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. Research analysts anticipate that CSX Co. will post 1.97 earnings per share for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.39%. CSX’s dividend payout ratio (DPR) is 26.09%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CSX shares. StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. TD Cowen boosted their price target on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Raymond James boosted their price target on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. reduced their price target on shares of CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. Finally, Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of CSX in a research report on Thursday. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus target price of $37.72.

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.