CSX Co. (NASDAQ:CSX) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co decreased its holdings in CSX Co. (NASDAQ:CSX) by 27.1% in the 1st quarter, Holdings Channel reports. The firm owned 12,458 shares of the transportation company’s stock after selling 4,635 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in CSX were worth $932,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CSX. Andra AP fonden acquired a new stake in shares of CSX in the 1st quarter valued at $614,000. GWM Advisors LLC grew its stake in shares of CSX by 3.3% during the first quarter. GWM Advisors LLC now owns 4,965 shares of the transportation company’s stock worth $371,000 after purchasing an additional 159 shares during the period. Neuburgh Advisers LLC grew its stake in shares of CSX by 26.6% during the first quarter. Neuburgh Advisers LLC now owns 53,680 shares of the transportation company’s stock worth $4,016,000 after purchasing an additional 11,264 shares during the period. Advisory Alpha LLC acquired a new stake in shares of CSX during the first quarter worth $224,000. Finally, Wealthfront Advisers LLC grew its stake in shares of CSX by 18.7% during the first quarter. Wealthfront Advisers LLC now owns 29,948 shares of the transportation company’s stock worth $2,241,000 after purchasing an additional 4,728 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

A number of equities research analysts recently commented on the company. BidaskClub raised CSX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Deutsche Bank decreased their price objective on CSX from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday. TD Securities lifted their price objective on CSX from $79.00 to $81.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Zacks Investment Research raised CSX from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Wednesday, February 27th. Finally, Stifel Nicolaus set a $80.00 price objective on CSX and gave the stock a “hold” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.41.

In other news, EVP Nathan D. Goldman sold 7,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total value of $556,500.00. Following the sale, the executive vice president now directly owns 79,697 shares in the company, valued at $6,335,911.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Angela C. Williams sold 9,560 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $79.14, for a total value of $756,578.40. Following the completion of the sale, the vice president now owns 14,607 shares in the company, valued at $1,155,997.98. The disclosure for this sale can be found here. Insiders own 4.83% of the company’s stock.

NASDAQ:CSX traded down $0.39 on Thursday, reaching $77.85. The company’s stock had a trading volume of 701,920 shares, compared to its average volume of 4,333,442. CSX Co. has a 1-year low of $58.47 and a 1-year high of $80.73. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 1.27. The stock has a market cap of $63.60 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.34 and a beta of 1.28.

CSX (NASDAQ:CSX) last posted its earnings results on Tuesday, April 16th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. CSX had a return on equity of 26.13% and a net margin of 27.84%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. Sell-side analysts forecast that CSX Co. will post 4.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.23%. CSX’s dividend payout ratio (DPR) is 25.00%.

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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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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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