NBT Bank N A NY Sells 424 Shares of CSX Co. (NASDAQ:CSX)

NBT Bank N A NY lowered its position in CSX Co. (NASDAQ:CSX) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,428 shares of the transportation company’s stock after selling 424 shares during the period. NBT Bank N A NY’s holdings in CSX were worth $433,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Diversified Trust Co raised its stake in shares of CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after acquiring an additional 46,473 shares during the last quarter. Marshall Financial Group LLC bought a new position in shares of CSX in the fourth quarter valued at approximately $1,084,000. Thrivent Financial for Lutherans raised its stake in shares of CSX by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after acquiring an additional 24,430 shares during the last quarter. Carnegie Investment Counsel raised its stake in shares of 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. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of 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 during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

CSX has been the subject of a number of research reports. Citigroup lowered their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Wells Fargo & Company lowered their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of CSX in a report on Monday, January 27th. Royal Bank of Canada lowered their price target on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Finally, BMO Capital Markets lowered their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average target price of $37.00.

CSX Trading Down 3.7 %

Shares of NASDAQ CSX opened at $29.52 on Wednesday. The company’s fifty day moving average is $32.39 and its 200-day moving average is $33.58. The stock has a market cap of $55.93 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.92 and a beta of 1.25. CSX Co. has a twelve month low of $29.50 and a twelve month high of $38.14. 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 (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. Equities research analysts predict that CSX Co. will post 1.83 EPS for the current 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 given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.76%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. CSX’s dividend payout ratio (DPR) is currently 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.