Rathbones Group PLC Has $3.90 Million Stock Position in CSX Corporation $CSX

Rathbones Group PLC trimmed its position in CSX Corporation (NASDAQ:CSX) by 48.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,697 shares of the transportation company’s stock after selling 99,757 shares during the quarter. Rathbones Group PLC’s holdings in CSX were worth $3,904,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CSX. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of CSX by 81.9% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 944,946 shares of the transportation company’s stock worth $33,555,000 after purchasing an additional 425,395 shares during the period. Reaves W H & Co. Inc. purchased a new stake in CSX in the 3rd quarter worth approximately $5,326,000. Strengthening Families & Communities LLC purchased a new stake in CSX in the 3rd quarter worth approximately $2,199,000. Farther Finance Advisors LLC lifted its position in CSX by 159.5% in the 4th quarter. Farther Finance Advisors LLC now owns 73,410 shares of the transportation company’s stock worth $2,661,000 after buying an additional 45,116 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan lifted its position in CSX by 131.0% in the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 71,918 shares of the transportation company’s stock worth $2,577,000 after buying an additional 40,780 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

NASDAQ CSX opened at $45.52 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.97 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $84.58 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company has a 50 day moving average price of $42.73 and a two-hundred day moving average price of $39.34. CSX Corporation has a 12-month low of $30.17 and a 12-month high of $46.74.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. CSX had a net margin of 21.55% and a return on equity of 24.47%. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the company earned $0.34 earnings per share. CSX’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities analysts predict that CSX Corporation will post 1.89 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, May 29th. CSX’s payout ratio is presently 34.36%.

Insider Buying and Selling at CSX

In other news, CEO Stephen F. Angel acquired 25,000 shares of CSX stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of $40.27 per share, for a total transaction of $1,006,750.00. Following the completion of the purchase, the chief executive officer owned 146,540 shares of the company’s stock, valued at $5,901,165.80. This represents a 20.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CSX shares. Citigroup reiterated a “neutral” rating and issued a $46.00 target price (up from $44.00) on shares of CSX in a research report on Thursday, April 23rd. Vertical Research cut shares of CSX from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research note on Thursday, April 23rd. Bank of America lifted their target price on shares of CSX from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets lifted their target price on shares of CSX from $40.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group lifted their target price on shares of CSX from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $45.98.

About CSX

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.