Tilt Investment Management Holdings PBC Sells 3,056 Shares of CSX Co. (NASDAQ:CSX)

Tilt Investment Management Holdings PBC trimmed its holdings in shares of CSX Co. (NASDAQ:CSX) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,994 shares of the transportation company’s stock after selling 3,056 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in CSX were worth $277,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CSX. Tranquility Partners LLC boosted its position in shares of CSX by 40.5% in the fourth quarter. Tranquility Partners LLC now owns 11,961 shares of the transportation company’s stock worth $415,000 after purchasing an additional 3,449 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of CSX by 11.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 321,912 shares of the transportation company’s stock worth $11,161,000 after purchasing an additional 32,221 shares during the period. Sfmg LLC boosted its position in shares of CSX by 1.0% in the fourth quarter. Sfmg LLC now owns 296,757 shares of the transportation company’s stock worth $10,289,000 after purchasing an additional 2,874 shares during the period. Kiley Juergens Wealth Management LLC boosted its position in shares of CSX by 16.6% in the fourth quarter. Kiley Juergens Wealth Management LLC now owns 12,644 shares of the transportation company’s stock worth $438,000 after purchasing an additional 1,800 shares during the period. Finally, Tyche Wealth Partners LLC bought a new position in shares of CSX in the fourth quarter worth approximately $285,000. 73.57% of the stock is currently owned by institutional investors.

CSX Trading Up 1.4 %

Shares of CSX opened at $34.88 on Friday. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a market cap of $68.28 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.97 and a beta of 1.18. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The company’s fifty day simple moving average is $36.93 and its 200-day simple moving average is $34.32.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.88%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. As a group, analysts expect that CSX Co. will post 1.97 EPS for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.38%. CSX’s dividend payout ratio is presently 26.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CSX shares. TD Cowen upped their price target on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Royal Bank of Canada dropped their price target on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday. StockNews.com lowered shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Raymond James upped their target price on shares of CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Finally, Bank of America dropped their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

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.