Partners Capital Investment Group LLP Sells 112,386 Shares of CSX Co. (NASDAQ:CSX)

Partners Capital Investment Group LLP trimmed its holdings in CSX Co. (NASDAQ:CSX) by 43.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,190 shares of the transportation company’s stock after selling 112,386 shares during the quarter. Partners Capital Investment Group LLP’s holdings in CSX were worth $4,653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CSX. Valley Wealth Managers Inc. boosted its position in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the third quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new position in shares of CSX in the fourth quarter valued at $33,000. Center for Financial Planning Inc. raised its stake in shares of CSX by 205.7% in the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 720 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup cut their target price on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, January 10th. Stephens restated an “overweight” rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Barclays cut their target price on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. cut their target price on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $33.37 on Monday. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The firm has a market cap of $64.35 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The business has a fifty day moving average of $32.72 and a 200-day moving average of $33.81.

CSX (NASDAQ:CSX) last announced its 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 research analysts predict that CSX Co. will post 1.86 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.13 dividend. The ex-dividend date is Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.56%. CSX’s dividend payout ratio (DPR) is 26.82%.

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.