Peoples Bank OH Sells 370 Shares of CSX Co. (NASDAQ:CSX)

Peoples Bank OH reduced its stake in shares of CSX Co. (NASDAQ:CSX) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,803 shares of the transportation company’s stock after selling 370 shares during the period. Peoples Bank OH’s holdings in CSX were worth $639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Perpetual Ltd bought a new position in CSX in the 4th quarter worth approximately $83,301,000. Assenagon Asset Management S.A. boosted its holdings in CSX by 318.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after buying an additional 2,489,329 shares during the period. FMR LLC boosted its holdings in CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after buying an additional 1,447,651 shares during the period. 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 worth $35,966,000 after buying an additional 958,957 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings 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 buying an additional 857,302 shares during the period. 73.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CSX. Robert W. Baird cut their price objective on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of CSX in a research note on Monday, January 27th. Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Barclays lowered their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Royal Bank of Canada lowered their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.16.

CSX Price Performance

Shares of NASDAQ:CSX opened at $32.46 on Friday. The stock has a market cap of $62.60 billion, a PE ratio of 18.13, a PEG ratio of 1.99 and a beta of 1.23. The company’s fifty day moving average is $32.65 and its 200 day moving average is $33.77. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. 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 (NASDAQ:CSX) last issued its earnings results 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 return on equity of 28.15% and a net margin of 23.95%. Research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current 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 given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is presently 26.82%.

CSX Company 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.