JFS Wealth Advisors LLC Sells 7,914 Shares of CSX Co. (NASDAQ:CSX)

JFS Wealth Advisors LLC decreased its position in CSX Co. (NASDAQ:CSX) by 84.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,419 shares of the transportation company’s stock after selling 7,914 shares during the quarter. JFS Wealth Advisors LLC’s holdings in CSX were worth $46,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Perpetual Ltd acquired a new position in shares of CSX during the fourth quarter worth approximately $83,301,000. Assenagon Asset Management S.A. increased its position in CSX by 318.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after acquiring an additional 2,489,329 shares during the period. FMR LLC raised its stake in CSX by 10.2% during the 3rd 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 last quarter. KBC Group NV boosted its holdings in CSX by 616.4% in the 4th 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 grew its position in CSX by 3.6% in the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock worth $851,404,000 after purchasing an additional 857,302 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets lowered their price target on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Robert W. Baird decreased their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Barclays dropped their price objective on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of CSX in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their target price on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Stock Up 0.8 %

Shares of NASDAQ CSX opened at $33.64 on Wednesday. CSX Co. has a 12-month low of $31.43 and a 12-month high of $40.12. The firm’s 50-day simple moving average is $32.71 and its 200 day simple moving average is $33.79. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The company has a market cap of $64.87 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, 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 given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.55%. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. CSX’s dividend payout ratio (DPR) 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.