CSX Co. (NASDAQ:CSX) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA trimmed its position in CSX Co. (NASDAQ:CSX) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,239,600 shares of the transportation company’s stock after selling 90,800 shares during the period. Primecap Management Co. CA owned approximately 0.12% of CSX worth $72,272,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its holdings in shares of CSX by 16.0% in the third quarter. Natixis Advisors LLC now owns 659,958 shares of the transportation company’s stock valued at $22,788,000 after buying an additional 90,800 shares in the last quarter. AMG National Trust Bank increased its holdings in shares of CSX by 387.2% in the third quarter. AMG National Trust Bank now owns 98,581 shares of the transportation company’s stock valued at $3,404,000 after buying an additional 78,348 shares in the last quarter. Aviance Capital Partners LLC increased its holdings in shares of CSX by 11.4% in the third quarter. Aviance Capital Partners LLC now owns 33,119 shares of the transportation company’s stock valued at $1,144,000 after buying an additional 3,402 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of CSX by 4.9% in the third quarter. Pathstone Holdings LLC now owns 282,471 shares of the transportation company’s stock valued at $9,754,000 after buying an additional 13,299 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in shares of CSX by 2.4% in the third quarter. Caprock Group LLC now owns 36,560 shares of the transportation company’s stock valued at $1,262,000 after buying an additional 861 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Trading Down 0.2 %

Shares of NASDAQ:CSX opened at $30.26 on Wednesday. The stock has a market capitalization of $57.33 billion, a PE ratio of 16.91, a P/E/G ratio of 1.92 and a beta of 1.25. CSX Co. has a 1 year low of $28.98 and a 1 year high of $38.03. The firm has a fifty day moving average price of $32.16 and a 200 day moving average price of $33.44. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (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%. Analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.72%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. CSX’s dividend payout ratio is 29.05%.

Analyst Ratings Changes

CSX has been the topic of several research reports. Loop Capital cut CSX from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Wells Fargo & Company cut their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Benchmark reissued a “buy” rating and set a $38.00 target price on shares of CSX in a research note on Monday, January 27th. JPMorgan Chase & Co. cut their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Royal Bank of Canada cut their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.