WealthTrust Axiom LLC Lowers Holdings in CSX Co. (NASDAQ:CSX)

WealthTrust Axiom LLC trimmed its position in CSX Co. (NASDAQ:CSX) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,216 shares of the transportation company’s stock after selling 2,922 shares during the period. WealthTrust Axiom LLC’s holdings in CSX were worth $1,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in shares of CSX during the 4th quarter worth $27,000. Life Planning Partners Inc purchased a new stake in shares of CSX during the 4th quarter worth $27,000. Venturi Wealth Management LLC boosted its position 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 purchasing an additional 692 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CSX in the 4th quarter worth about $34,000. Finally, Avion Wealth boosted its position in shares of CSX by 450.5% in the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after buying an additional 820 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CSX Stock Down 2.2 %

NASDAQ CSX traded down $0.76 on Tuesday, reaching $33.19. The company had a trading volume of 11,835,436 shares, compared to its average volume of 12,341,932. The firm has a market capitalization of $64.88 billion, a PE ratio of 18.65, a P/E/G ratio of 2.04 and a beta of 1.18. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. The firm has a 50-day moving average of $36.56 and a 200-day moving average of $34.53. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00.

CSX (NASDAQ:CSX) last released 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 firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. CSX’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Thursday, February 29th were paid a dividend of $0.12 per share. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s dividend payout ratio is 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.