CSX Co. (NASDAQ:CSX) Shares Sold by Barnett & Company Inc.

Barnett & Company Inc. lowered its position in CSX Co. (NASDAQ:CSX) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,110 shares of the transportation company’s stock after selling 540 shares during the quarter. CSX makes up about 1.3% of Barnett & Company Inc.’s holdings, making the stock its 28th biggest holding. Barnett & Company Inc.’s holdings in CSX were worth $1,972,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CSX. Diversified Trust Co lifted its position in shares of CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after buying an additional 46,473 shares during the last quarter. Marshall Financial Group LLC acquired a new stake in CSX during the 4th quarter worth $1,084,000. Carnegie Investment Counsel lifted its position in CSX by 1.4% in the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock valued at $19,751,000 after acquiring an additional 8,474 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in CSX by 6.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company’s stock valued at $22,549,000 after acquiring an additional 41,547 shares in the last quarter. Finally, Waycross Partners LLC boosted its position in shares of CSX by 7.0% in the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company’s stock valued at $19,990,000 after purchasing an additional 40,611 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CSX. Raymond James reiterated an “outperform” rating and set a $37.00 price target (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Wells Fargo & Company dropped their price target 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. Susquehanna decreased their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird cut their price target on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, BMO Capital Markets dropped their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

CSX Stock Down 1.4 %

CSX opened at $29.57 on Monday. CSX Co. has a 1 year low of $28.98 and a 1 year high of $37.40. The firm has a 50 day moving average price of $32.03 and a 200 day moving average price of $33.34. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The company has a market cap of $56.02 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 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%. Sell-side analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.13 dividend. This is an increase from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.76%. CSX’s dividend payout ratio is presently 29.05%.

About CSX

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.