Jacobs & Co. CA Has $8.38 Million Stake in CSX Corporation $CSX

Jacobs & Co. CA lowered its position in CSX Corporation (NASDAQ:CSX) by 42.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,307 shares of the transportation company’s stock after selling 172,530 shares during the period. Jacobs & Co. CA’s holdings in CSX were worth $8,384,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CSX. Kingswood Wealth Advisors LLC increased its holdings in CSX by 4.1% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 8,324 shares of the transportation company’s stock valued at $296,000 after purchasing an additional 331 shares in the last quarter. Moloney Securities Asset Management LLC boosted its stake in CSX by 2.7% in the third quarter. Moloney Securities Asset Management LLC now owns 13,048 shares of the transportation company’s stock worth $463,000 after purchasing an additional 339 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in CSX by 0.7% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,920 shares of the transportation company’s stock worth $2,660,000 after purchasing an additional 510 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of CSX by 7.3% during the third quarter. Crestwood Advisors Group LLC now owns 7,800 shares of the transportation company’s stock worth $277,000 after purchasing an additional 532 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its holdings in shares of CSX by 437.3% during the third quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock worth $25,000 after purchasing an additional 586 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

CSX stock opened at $39.64 on Thursday. The business’s 50-day simple moving average is $39.41 and its 200 day simple moving average is $36.65. The stock has a market cap of $73.71 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of 2.06 and a beta of 1.27. CSX Corporation has a 12-month low of $26.22 and a 12-month high of $43.35. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 1.38.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). CSX had a return on equity of 23.88% and a net margin of 20.50%.The firm had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts anticipate that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from CSX’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 27th. CSX’s payout ratio is presently 36.36%.

Insider Buying and Selling

In related news, CAO Diana B. Sorfleet sold 90,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $41.56, for a total value of $3,740,400.00. Following the transaction, the chief accounting officer directly owned 165,613 shares in the company, valued at $6,882,876.28. This represents a 35.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen Fortune sold 31,456 shares of CSX stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $38.65, for a total transaction of $1,215,774.40. Following the sale, the executive vice president directly owned 82,034 shares of the company’s stock, valued at $3,170,614.10. This represents a 27.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 188,123 shares of company stock valued at $7,454,854 over the last ninety days. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

CSX has been the subject of a number of research analyst reports. TD Cowen reaffirmed a “buy” rating on shares of CSX in a report on Monday, January 12th. Morgan Stanley set a $30.00 price objective on shares of CSX and gave the stock an “equal weight” rating in a report on Monday, December 8th. Evercore lowered their price objective on shares of CSX from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Bank of America dropped their target price on shares of CSX from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Finally, Citigroup reduced their target price on shares of CSX from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $40.44.

CSX Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.