CSX Co. (NASDAQ:CSX) Holdings Decreased by Aviance Capital Partners LLC

Aviance Capital Partners LLC decreased its holdings in shares of CSX Co. (NASDAQ:CSX) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,735 shares of the transportation company’s stock after selling 299 shares during the quarter. Aviance Capital Partners LLC’s holdings in CSX were worth $234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC acquired a new position in shares of CSX during the 4th quarter worth about $27,000. Life Planning Partners Inc bought a new position in CSX during the 4th quarter worth $27,000. Venturi Wealth Management LLC lifted its holdings in shares of CSX by 228.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after acquiring an additional 692 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of CSX in the fourth quarter worth about $34,000. Finally, Avion Wealth boosted its holdings in shares of CSX by 450.5% during the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 820 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of CSX in a research report on Thursday, April 18th. Jefferies Financial Group cut their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Susquehanna upped their price target on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research note on Thursday, March 28th. Bank of America reduced their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, Royal Bank of Canada dropped their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

CSX Stock Performance

Shares of NASDAQ CSX traded up $0.28 during midday trading on Tuesday, hitting $33.96. The company’s stock had a trading volume of 9,546,209 shares, compared to its average volume of 12,242,812. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The firm’s fifty day moving average price is $36.06 and its 200-day moving average price is $34.64. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The firm has a market cap of $66.39 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.03 and a beta of 1.19.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $3.68 billion during 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 business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $0.48 EPS. On average, sell-side analysts forecast that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. This is a boost from CSX’s previous quarterly dividend of $0.11. CSX’s payout ratio is presently 26.37%.

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.