Decatur Capital Management Inc. Has $1.32 Million Stock Position in CSX Co. (NASDAQ:CSX)

Decatur Capital Management Inc. reduced its position in CSX Co. (NASDAQ:CSX) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,787 shares of the transportation company’s stock after selling 602 shares during the period. Decatur Capital Management Inc.’s holdings in CSX were worth $1,316,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tudor Financial Inc. acquired a new position in CSX during the third quarter worth $473,000. World Investment Advisors LLC raised its stake in shares of CSX by 137.4% in the 3rd quarter. World Investment Advisors LLC now owns 16,145 shares of the transportation company’s stock valued at $557,000 after acquiring an additional 9,344 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in CSX by 260.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 24,970 shares of the transportation company’s stock worth $862,000 after purchasing an additional 18,049 shares during the last quarter. Tidal Investments LLC grew its holdings in CSX by 9.2% during the third quarter. Tidal Investments LLC now owns 194,760 shares of the transportation company’s stock valued at $6,725,000 after purchasing an additional 16,456 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of CSX by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,350,289 shares of the transportation company’s stock valued at $47,652,000 after purchasing an additional 113,530 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Price Performance

NASDAQ:CSX opened at $27.64 on Friday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a market cap of $52.09 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The company’s 50-day moving average price is $30.07 and its two-hundred day moving average price is $32.50.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. On average, equities analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. 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 yield of 1.88%. CSX’s dividend payout ratio is 31.14%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Evercore ISI lowered their target price on shares of CSX from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday. Stephens restated an “overweight” rating and set a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Stifel Nicolaus dropped their price target on CSX from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. BMO Capital Markets lowered their price objective on shares of CSX from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Susquehanna cut their target price on shares of CSX from $37.00 to $35.00 and set a “positive” rating for the company in a research note on Thursday. 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 stock has an average rating of “Moderate Buy” and a consensus target price of $33.95.

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.