Federated Hermes Inc. Has $1.33 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Federated Hermes Inc. lowered its stake in CSX Co. (NASDAQ:CSX) by 18.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 38,281 shares of the transportation company’s stock after selling 8,525 shares during the period. Federated Hermes Inc.’s holdings in CSX were worth $1,327,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Fortitude Family Office LLC bought a new position in CSX during the fourth quarter worth about $27,000. Life Planning Partners Inc bought a new stake in CSX in the 4th quarter valued at about $27,000. Venturi Wealth Management LLC increased its holdings in shares of CSX by 228.4% during the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after purchasing an additional 692 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CSX in the fourth quarter valued at approximately $34,000. Finally, Avion Wealth boosted its stake in shares of CSX by 450.5% in the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after buying an additional 820 shares during the period. 73.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of analyst reports. Susquehanna increased their price target on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of CSX in a research report on Thursday, April 18th. TD Cowen upped their price target on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. UBS Group reduced their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Raymond James boosted their price target on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Five research 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

CSX Stock Performance

CSX stock opened at $33.95 on Tuesday. The stock has a 50-day moving average price of $36.56 and a 200-day moving average price of $34.53. 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 $66.37 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion for 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 company’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. As a group, equities research analysts expect that CSX Co. will post 1.95 earnings per share for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.12 dividend. 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. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) 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.