TD Asset Management Inc. reduced its stake in CSX Co. (NASDAQ:CSX) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 463,250 shares of the transportation company’s stock after selling 1,739 shares during the period. TD Asset Management Inc.’s holdings in CSX were worth $34,661,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its position in CSX by 10.7% in the first quarter. CWM LLC now owns 1,347 shares of the transportation company’s stock worth $101,000 after purchasing an additional 130 shares during the last quarter. Hilltop Holdings Inc. boosted its position in CSX by 1.7% in the fourth quarter. Hilltop Holdings Inc. now owns 8,866 shares of the transportation company’s stock worth $551,000 after purchasing an additional 149 shares during the last quarter. RFG Advisory LLC boosted its position in CSX by 3.6% in the first quarter. RFG Advisory LLC now owns 4,276 shares of the transportation company’s stock worth $319,000 after purchasing an additional 150 shares during the last quarter. Mercer Capital Advisers Inc. boosted its position in CSX by 0.5% in the first quarter. Mercer Capital Advisers Inc. now owns 31,619 shares of the transportation company’s stock worth $2,366,000 after purchasing an additional 151 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in CSX by 4.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,023 shares of the transportation company’s stock worth $250,000 after purchasing an additional 153 shares during the last quarter. 75.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ CSX traded down $1.92 during trading on Thursday, hitting $75.52. The company had a trading volume of 172,756 shares, compared to its average volume of 3,635,556. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. CSX Co. has a 12 month low of $58.47 and a 12 month high of $80.73. The company has a market capitalization of $63.39 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.34 and a beta of 1.29.
CSX (NASDAQ:CSX) last posted its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. CSX had a return on equity of 26.13% and a net margin of 27.84%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the company earned $0.78 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts anticipate that CSX Co. will post 4.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 30th. CSX’s dividend payout ratio (DPR) is currently 25.00%.
In other news, VP Angela C. Williams sold 9,560 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $79.14, for a total value of $756,578.40. Following the transaction, the vice president now owns 14,607 shares of the company’s stock, valued at $1,155,997.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.83% of the stock is owned by company insiders.
Several brokerages have issued reports on CSX. Raymond James raised their target price on CSX from $81.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Morgan Stanley raised their target price on CSX from $55.00 to $57.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 17th. TD Securities raised their target price on CSX from $79.00 to $81.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Zacks Investment Research raised CSX from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Monday, April 22nd. Finally, Stifel Nicolaus set a $80.00 target price on CSX and gave the stock a “hold” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. CSX has a consensus rating of “Buy” and an average target price of $79.58.
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CSX Company Profile
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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