Chevy Chase Trust Holdings LLC Sells 25,427 Shares of CSX Co. (NASDAQ:CSX)

Chevy Chase Trust Holdings LLC reduced its stake in shares of CSX Co. (NASDAQ:CSX) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,068,898 shares of the transportation company’s stock after selling 25,427 shares during the period. Chevy Chase Trust Holdings LLC owned 0.06% of CSX worth $34,493,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Avior Wealth Management LLC increased its stake in shares of CSX by 2.5% in the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after purchasing an additional 293 shares during the period. Lake Street Advisors Group LLC increased its stake in shares of CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after purchasing an additional 306 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after purchasing an additional 306 shares during the period. J.W. Cole Advisors Inc. grew its position in CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after buying an additional 309 shares in the last quarter. Finally, Associated Banc Corp grew its position in CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after buying an additional 310 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

NASDAQ:CSX opened at $33.37 on Friday. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The firm has a 50 day moving average of $32.74 and a 200-day moving average of $33.83. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $64.35 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, sell-side analysts anticipate that CSX Co. will post 1.86 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is 29.05%.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Robert W. Baird decreased their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Raymond James reissued an “outperform” rating and set a $37.00 target price (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Citigroup decreased their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, BMO Capital Markets decreased their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

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.