Capital Investment Advisory Services LLC Sells 21,781 Shares of CSX Co. (NASDAQ:CSX)

Capital Investment Advisory Services LLC cut its holdings in CSX Co. (NASDAQ:CSX) by 45.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,808 shares of the transportation company’s stock after selling 21,781 shares during the period. Capital Investment Advisory Services LLC’s holdings in CSX were worth $895,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Brendel Financial Advisors LLC bought a new stake in CSX in the fourth quarter worth $205,000. Klingenstein Fields & Co. LP bought a new position in shares of CSX during the fourth quarter valued at about $642,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of CSX during the fourth quarter valued at about $332,000. Handelsbanken Fonder AB raised its stake in shares of CSX by 33.7% during the fourth quarter. Handelsbanken Fonder AB now owns 1,039,730 shares of the transportation company’s stock valued at $36,047,000 after acquiring an additional 262,212 shares during the last quarter. Finally, First Command Advisory Services Inc. raised its stake in shares of CSX by 10.7% during the fourth quarter. First Command Advisory Services Inc. now owns 11,706 shares of the transportation company’s stock valued at $402,000 after acquiring an additional 1,135 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Stock Up 0.8 %

Shares of CSX stock opened at $34.62 on Tuesday. The company has a market cap of $67.68 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18. The company’s 50 day moving average is $36.83 and its 200 day moving average is $34.43. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Research analysts anticipate that CSX Co. will post 1.95 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.12 per share. This is an increase from CSX’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. CSX’s dividend payout ratio is 26.37%.

Analysts Set New Price Targets

CSX has been the subject of several recent analyst reports. Royal Bank of Canada lowered their price objective on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Raymond James boosted their price target on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. UBS Group reduced their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. StockNews.com cut shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Bank of America reduced their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

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.