CSX Co. (NASDAQ:CSX) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lessened its stake in shares of CSX Co. (NASDAQ:CSX) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,011 shares of the transportation company’s stock after selling 1,063 shares during the quarter. Bahl & Gaynor Inc.’s holdings in CSX were worth $1,422,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Fortitude Family Office LLC acquired a new stake in shares of CSX during the fourth quarter valued at about $27,000. Life Planning Partners Inc bought a new stake in CSX during the fourth quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in CSX during the fourth quarter worth approximately $34,000. Venturi Wealth Management LLC grew its position in CSX by 228.4% in the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after buying an additional 692 shares during the last quarter. Finally, Avion Wealth grew its position in CSX by 450.5% in the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after buying an additional 820 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CSX shares. StockNews.com downgraded shares of CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Bank of America decreased their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, April 18th. BMO Capital Markets upped their price objective on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. UBS Group decreased their price objective on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Finally, Royal Bank of Canada decreased their price objective on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Trading Down 0.1 %

Shares of NASDAQ:CSX opened at $33.99 on Friday. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The company’s fifty day simple moving average is $36.61 and its 200 day simple moving average is $34.47. The firm has a market cap of $66.45 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.04 and a beta of 1.18.

CSX (NASDAQ:CSX) last issued 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. CSX had a net margin of 24.75% and a return on equity of 29.58%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, research analysts forecast that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.12 dividend. 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 1.41%. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s payout ratio is presently 26.37%.

CSX 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.