CSX Co. (NASDAQ:CSX) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC reduced its position in CSX Co. (NASDAQ:CSX) by 8.8% in the 4th quarter, Holdings Channel reports. The firm owned 15,583 shares of the transportation company’s stock after selling 1,500 shares during the quarter. NTV Asset Management LLC’s holdings in CSX were worth $540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in CSX in the 4th quarter worth approximately $27,000. Life Planning Partners Inc purchased a new position in CSX during the fourth quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in CSX during the fourth quarter worth $34,000. Venturi Wealth Management LLC increased its stake in shares of CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after acquiring an additional 692 shares during the last quarter. Finally, Avion Wealth raised its holdings in shares of CSX by 450.5% during the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.8 %

NASDAQ CSX traded up $0.28 during trading on Friday, hitting $33.85. The stock had a trading volume of 6,618,097 shares, compared to its average volume of 14,806,096. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $66.17 billion, a PE ratio of 18.60, a PEG ratio of 2.03 and a beta of 1.19. The firm has a 50 day moving average price of $36.23 and a 200 day moving average price of $34.59. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the previous year, the business posted $0.48 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities research analysts forecast that CSX Co. will post 1.95 earnings per share for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio is currently 26.37%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CSX shares. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of CSX in a report on Thursday, April 18th. Jefferies Financial Group cut their price target on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. UBS Group reduced their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Royal Bank of Canada lowered their price objective on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Finally, Stifel Nicolaus lifted their target price on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and an average target price of $38.00.

About CSX

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.