Donaldson Capital Management LLC Sells 3,672 Shares of CSX Co. (NASDAQ:CSX)

Donaldson Capital Management LLC reduced its stake in CSX Co. (NASDAQ:CSX) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,555 shares of the transportation company’s stock after selling 3,672 shares during the quarter. Donaldson Capital Management LLC’s holdings in CSX were worth $1,696,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after acquiring an additional 293 shares during the period. Rehmann Capital Advisory Group raised its holdings in CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after acquiring an additional 306 shares during the period. Associated Banc Corp raised its holdings in CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after acquiring an additional 310 shares during the period. Joel Isaacson & Co. LLC raised its holdings in CSX by 2.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock valued at $421,000 after acquiring an additional 310 shares during the period. Finally, Patrick M Sweeney & Associates Inc. raised its holdings in CSX by 1.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock valued at $1,027,000 after acquiring an additional 313 shares during the period. 73.57% of the stock is owned by institutional investors.

CSX Stock Performance

Shares of CSX stock opened at $30.65 on Tuesday. The business’s fifty day simple moving average is $32.45 and its 200-day simple moving average is $33.61. The company has a market cap of $58.07 billion, a PE ratio of 17.12, a PEG ratio of 1.92 and a beta of 1.25. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12-month low of $30.55 and a 12-month high of $38.35.

CSX (NASDAQ:CSX) last issued its quarterly 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%. Analysts expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.70%. 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 is presently 29.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CSX shares. Raymond James reissued an “outperform” rating and set a $37.00 price target (down from $38.00) on shares of CSX in a report on Friday, January 24th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, January 10th. Barclays reduced their target price on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of CSX in a report on Monday, January 27th. Finally, Susquehanna reduced their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.