Bath Savings Trust Co Has $836,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Bath Savings Trust Co lessened its holdings in CSX Co. (NASDAQ:CSX) by 42.8% during the first quarter, HoldingsChannel reports. The firm owned 28,414 shares of the transportation company’s stock after selling 21,300 shares during the quarter. Bath Savings Trust Co’s holdings in CSX were worth $836,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of CSX in the 4th quarter valued at $27,000. Accredited Wealth Management LLC acquired a new stake in shares of CSX in the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC acquired a new stake in shares of CSX in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of CSX in the 4th quarter valued at $31,000. Finally, Sierra Ocean LLC acquired a new stake in shares of CSX in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 0.3%

Shares of NASDAQ:CSX opened at $31.42 on Friday. The firm has a market cap of $59.02 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10. The business has a fifty day simple moving average of $29.02 and a 200 day simple moving average of $31.55.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. Analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, May 30th. CSX’s dividend payout ratio is currently 31.14%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on CSX in a report on Friday, March 7th. They issued a “hold” rating and a $34.00 target price on the stock. Wells Fargo & Company cut their price objective on CSX from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group cut their price objective on CSX from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus cut their price objective on CSX from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Argus set a $32.00 price objective on CSX in a report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.90.

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.