Syverson Strege & Co Sells 1,448 Shares of CSX Co. (NASDAQ:CSX)

Syverson Strege & Co lowered its position in shares of CSX Co. (NASDAQ:CSX) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,841 shares of the transportation company’s stock after selling 1,448 shares during the quarter. Syverson Strege & Co’s holdings in CSX were worth $447,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Diversified Trust Co grew its holdings in CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock worth $2,330,000 after acquiring an additional 46,473 shares during the period. Marshall Financial Group LLC bought a new position in shares of CSX in the 4th quarter worth $1,084,000. Carnegie Investment Counsel boosted its position in shares of CSX by 1.4% in the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company’s stock worth $19,751,000 after purchasing an additional 8,474 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of CSX by 6.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company’s stock worth $22,549,000 after purchasing an additional 41,547 shares during the period. Finally, Waycross Partners LLC increased its holdings in CSX by 7.0% in the fourth quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company’s stock valued at $19,990,000 after purchasing an additional 40,611 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CSX. Stephens restated an “overweight” rating and set a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Citigroup lowered their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Raymond James reissued an “outperform” rating and set a $37.00 price target (down from $38.00) on shares of CSX in a research report on Friday, January 24th. Loop Capital cut shares of CSX from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. Finally, Jefferies Financial Group upgraded 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. Seven 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

CSX Trading Up 0.9 %

CSX stock opened at $29.85 on Tuesday. The company has a market cap of $56.55 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 1.92 and a beta of 1.25. The firm has a 50-day moving average of $31.99 and a 200-day moving average of $33.31. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a one year low of $28.98 and a one year high of $37.40.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate 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 expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.74%. CSX’s dividend payout ratio (DPR) is currently 29.05%.

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.