CSX Co. (NASDAQ:CSX) Shares Sold by Everhart Financial Group Inc.

Everhart Financial Group Inc. lowered its stake in CSX Co. (NASDAQ:CSX) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,775 shares of the transportation company’s stock after selling 1,534 shares during the period. Everhart Financial Group Inc.’s holdings in CSX were worth $1,025,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CSX. Perpetual Ltd acquired a new position in shares of CSX in the fourth quarter valued at approximately $83,301,000. Assenagon Asset Management S.A. increased its holdings in shares of CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after purchasing an additional 2,489,329 shares during the period. FMR LLC increased its holdings in shares of CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares during the period. KBC Group NV increased its holdings in shares of CSX by 616.4% in the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after purchasing an additional 958,957 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of CSX by 3.6% in the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after purchasing an additional 857,302 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CSX shares. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, January 10th. Raymond James restated an “outperform” rating and issued a $37.00 price target (down from $38.00) on shares of CSX in a research note on Friday, January 24th. JPMorgan Chase & Co. decreased their price target on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Citigroup decreased their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Stock Up 0.8 %

Shares of NASDAQ:CSX opened at $33.37 on Friday. 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 52-week low of $31.43 and a 52-week high of $40.12. The stock’s fifty day simple moving average is $32.72 and its 200-day simple moving average is $33.82. The company has a market capitalization of $64.35 billion, a P/E ratio of 18.64, a P/E/G ratio of 1.91 and a beta of 1.23.

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 the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, equities research analysts forecast that CSX Co. will post 1.86 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.13 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, February 28th. CSX’s dividend payout ratio is presently 26.82%.

About CSX

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.