CSX Co. (NASDAQ:CSX) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC trimmed its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,586 shares of the transportation company’s stock after selling 405 shares during the period. Checchi Capital Advisers LLC’s holdings in CSX were worth $793,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CSX. Valley Wealth Managers Inc. grew its holdings in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares during the period. Sierra Ocean LLC acquired a new position in CSX during the fourth quarter worth about $33,000. Addison Advisors LLC grew its holdings in CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares during the period. Center for Financial Planning Inc. grew its holdings in CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after acquiring an additional 720 shares during the period. Finally, Fortitude Family Office LLC grew its holdings in CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after acquiring an additional 336 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Trading Down 0.3 %

Shares of NASDAQ CSX opened at $31.98 on Thursday. CSX Co. has a one year low of $31.43 and a one year high of $38.61. The firm has a market capitalization of $61.67 billion, a PE ratio of 17.87, a PEG ratio of 1.92 and a beta of 1.23. 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 business has a 50-day moving average price of $32.59 and a two-hundred day moving average price of $33.72.

CSX (NASDAQ:CSX) last announced its quarterly earnings data 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 return on equity of 28.15% and a net margin of 23.95%. As a group, analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.63%. CSX’s dividend payout ratio (DPR) is 29.05%.

Analysts Set New Price Targets

CSX has been the topic of a number of research analyst reports. BMO Capital Markets lowered their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Robert W. Baird lowered their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Susquehanna decreased their price target on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.16.

CSX 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.