CSX Co. (NASDAQ:CSX) Shares Sold by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC trimmed its position in CSX Co. (NASDAQ:CSX) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,561 shares of the transportation company’s stock after selling 2,736 shares during the quarter. Catalyst Financial Partners LLC’s holdings in CSX were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC raised its holdings in shares of CSX by 255.9% during the third quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company’s stock worth $259,000 after purchasing an additional 5,396 shares during the period. Creative Planning raised its stake in CSX by 2.2% during the third quarter. Creative Planning now owns 634,696 shares of the transportation company’s stock worth $21,916,000 after acquiring an additional 13,613 shares during the period. NBC Securities Inc. raised its stake in CSX by 8.3% during the third quarter. NBC Securities Inc. now owns 7,323 shares of the transportation company’s stock worth $252,000 after acquiring an additional 560 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in CSX by 33.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after acquiring an additional 316 shares during the last quarter. Finally, Sumitomo Life Insurance Co. boosted its stake in CSX by 2.5% in the third quarter. Sumitomo Life Insurance Co. now owns 45,141 shares of the transportation company’s stock valued at $1,559,000 after acquiring an additional 1,101 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Up 0.5 %

NASDAQ CSX opened at $33.10 on Friday. The company has a market capitalization of $63.83 billion, a P/E ratio of 18.49, a PEG ratio of 1.91 and a beta of 1.23. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company’s 50 day simple moving average is $32.77 and its 200 day simple moving average is $33.83.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities research analysts expect that CSX Co. will post 1.86 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.57%. CSX’s dividend payout ratio is currently 26.82%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CSX. Citigroup dropped their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Stephens reissued an “overweight” rating and set a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Finally, Evercore ISI dropped their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. 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.com, CSX has an average rating of “Moderate Buy” and a consensus target price of $37.16.

CSX 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.