CSX Co. (NASDAQ:CSX) Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. trimmed its position in CSX Co. (NASDAQ:CSX) by 38.2% in the first quarter, HoldingsChannel.com reports. The firm owned 13,722 shares of the transportation company’s stock after selling 8,492 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in CSX were worth $404,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of CSX in the fourth quarter valued at $27,000. Accredited Wealth Management LLC bought a new stake in shares of CSX during the 4th quarter worth about $29,000. Fourth Dimension Wealth LLC bought a new stake in shares of CSX during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. bought a new stake in shares of CSX during the 4th quarter worth about $31,000. Finally, Sierra Ocean LLC bought a new position in shares of CSX in the fourth quarter worth about $33,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

CSX opened at $32.32 on Thursday. 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 Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The company has a fifty day simple moving average of $29.52 and a 200 day simple moving average of $31.33. The stock has a market cap of $60.71 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.92 and a beta of 1.24.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, research analysts expect that CSX Co. will post 1.83 EPS for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, May 30th. CSX’s payout ratio is presently 31.14%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CSX shares. Bank of America lifted their price objective on CSX from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, May 12th. Wells Fargo & Company decreased their price objective on CSX from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada reduced their target price on CSX from $31.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $35.00 target price on shares of CSX in a report on Monday, June 2nd. Finally, Benchmark restated a “buy” rating and issued a $35.00 price objective on shares of CSX in a research report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.95.

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.