Palladium Partners LLC cut its stake in shares of CSX Co. (NASDAQ:CSX) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,895 shares of the transportation company’s stock after selling 6,672 shares during the period. Palladium Partners LLC’s holdings in CSX were worth $1,512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evoke Wealth LLC purchased a new stake in CSX during the third quarter valued at about $32,000. Princeton Global Asset Management LLC acquired a new stake in shares of CSX during the third quarter valued at approximately $35,000. Asset Dedication LLC acquired a new stake in shares of CSX during the third quarter valued at approximately $42,000. Manchester Financial Inc. acquired a new position in CSX in the 4th quarter worth approximately $45,000. Finally, Penserra Capital Management LLC lifted its holdings in shares of CSX by 41.2% in the third quarter. Penserra Capital Management LLC now owns 850 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 248 shares in the last quarter. 76.19% of the stock is owned by institutional investors and hedge funds.

CSX has been the topic of a number of research analyst reports. Benchmark assumed coverage on CSX in a report on Tuesday, January 21st. They set a “hold” rating on the stock. TD Securities increased their price target on shares of CSX from $76.00 to $78.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. BidaskClub upgraded shares of CSX from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Susquehanna Bancshares upgraded shares of CSX from a “neutral” rating to a “positive” rating and raised their price target for the stock from $74.00 to $87.00 in a report on Tuesday, January 7th. Finally, Bank of America lowered their price objective on shares of CSX from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $78.90.

NASDAQ:CSX traded down $0.24 during mid-day trading on Friday, hitting $79.60. 185,685 shares of the company’s stock traded hands, compared to its average volume of 3,863,325. The firm has a market capitalization of $62.18 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 1.46 and a beta of 1.17. The firm has a 50 day moving average of $75.32 and a two-hundred day moving average of $70.94. The company has a current ratio of 1.52, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. CSX Co. has a 12 month low of $63.97 and a 12 month high of $80.73.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.94 billion. CSX had a return on equity of 27.49% and a net margin of 27.91%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, equities research analysts expect that CSX Co. will post 4.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 28th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.31%. This is a positive change from CSX’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, February 27th. CSX’s payout ratio is currently 23.02%.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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