CSX Co. (NASDAQ:CSX) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its holdings in CSX Co. (NASDAQ:CSX) by 0.3% in the 4th quarter, HoldingsChannel reports. The fund owned 270,903 shares of the transportation company’s stock after selling 837 shares during the period. Axxcess Wealth Management LLC’s holdings in CSX were worth $8,742,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings in shares of CSX by 2.5% in 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 in the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of CSX by 1.3% in 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 in the last quarter. Associated Banc Corp boosted its holdings in shares of CSX by 0.6% in 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 in the last quarter. Joel Isaacson & Co. LLC boosted its holdings in shares of CSX by 2.4% in 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 in the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its holdings in shares of CSX by 1.0% in 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 in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Up 1.1 %

CSX stock opened at $30.33 on Tuesday. CSX Co. has a 12-month low of $28.98 and a 12-month high of $38.03. 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 $57.46 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.92 and a beta of 1.25. The company has a 50 day moving average of $32.20 and a two-hundred day moving average of $33.46.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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%. On average, equities analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is presently 29.05%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $38.00 price objective on shares of CSX in a report on Monday, January 27th. Susquehanna reduced their target price 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. Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $34.00 in a report on Monday, February 3rd. Barclays reduced their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, BMO Capital Markets reduced their target price on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

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.