CSX Co. (NASDAQ:CSX) Stock Holdings Lessened by Whittier Trust Co.

Whittier Trust Co. lowered its stake in CSX Co. (NASDAQ:CSX) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 107,954 shares of the transportation company’s stock after selling 2,261 shares during the period. Whittier Trust Co.’s holdings in CSX were worth $3,484,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of CSX by 0.6% in the third quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after buying an additional 455,258 shares in the last quarter. Geode Capital Management LLC raised its stake in CSX by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock valued at $1,407,087,000 after purchasing an additional 190,346 shares during the period. Fisher Asset Management LLC raised its stake in CSX by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company’s stock valued at $805,345,000 after purchasing an additional 299,536 shares during the period. Bank of New York Mellon Corp raised its stake in CSX by 40.5% during the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock valued at $753,507,000 after purchasing an additional 6,730,316 shares during the period. Finally, FMR LLC raised its stake in CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 1.4 %

CSX stock opened at $29.57 on Friday. 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 52-week low of $28.98 and a 52-week high of $38.03. The company has a 50-day moving average of $32.03 and a two-hundred day moving average of $33.36. The stock has a market capitalization of $56.02 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last released 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 net margin of 23.95% and a return on equity of 28.15%. As a group, equities research analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio is 29.05%.

Analysts Set New Price Targets

CSX has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $38.00 target price on shares of CSX in a research note on Monday, January 27th. Robert W. Baird cut their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Stephens reissued an “overweight” rating and set a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Royal Bank of Canada cut 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. Finally, Barclays cut 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. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, CSX presently has an average 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.