CSX Co. (NASDAQ:CSX) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lessened its holdings in CSX Co. (NASDAQ:CSX) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,435 shares of the transportation company’s stock after selling 1,941 shares during the quarter. Meeder Advisory Services Inc.’s holdings in CSX were worth $1,595,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CSX. Public Sector Pension Investment Board raised its position in CSX by 10.3% during the third quarter. Public Sector Pension Investment Board now owns 82,276 shares of the transportation company’s stock valued at $2,841,000 after acquiring an additional 7,700 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of CSX during the 3rd quarter valued at approximately $2,204,000. Benjamin Edwards Inc. lifted its stake in shares of CSX by 485.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 66,074 shares of the transportation company’s stock valued at $2,282,000 after purchasing an additional 54,792 shares during the period. Hilltop Holdings Inc. purchased a new stake in CSX during the third quarter worth $323,000. Finally, HighTower Advisors LLC increased its holdings in CSX by 1.5% in the third quarter. HighTower Advisors LLC now owns 819,304 shares of the transportation company’s stock valued at $28,274,000 after buying an additional 11,890 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Up 0.7 %

Shares of CSX opened at $29.74 on Thursday. CSX Co. has a 52-week low of $28.78 and a 52-week high of $37.10. 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 stock has a fifty day simple moving average of $31.54 and a two-hundred day simple moving average of $33.12. The company has a market capitalization of $56.05 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

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 return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts forecast that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.75%. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio is presently 29.05%.

Wall Street Analyst Weigh In

CSX has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. dropped their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Raymond James reaffirmed an “outperform” rating and set a $37.00 target price (down from $38.00) on shares of CSX in a research note on Friday, January 24th. Susquehanna decreased their target price on CSX from $39.00 to $37.00 and set a “positive” rating on the stock in a research report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of CSX in a report on Friday, March 7th. They issued a “hold” rating and a $34.00 price target for the company. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.20.

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.