CSX Co. (NASDAQ:CSX) Shares Sold by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI decreased its position in shares of CSX Co. (NASDAQ:CSX) by 36.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 999 shares of the transportation company’s stock after selling 565 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in CSX were worth $32,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CSX. Centricity Wealth Management LLC bought a new position in CSX in the 4th quarter worth approximately $57,000. Boston Financial Mangement LLC boosted its position in CSX by 41.9% during the 4th quarter. Boston Financial Mangement LLC now owns 36,346 shares of the transportation company’s stock worth $1,173,000 after acquiring an additional 10,734 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of CSX by 8.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 44,081 shares of the transportation company’s stock worth $1,422,000 after purchasing an additional 3,314 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of CSX by 8.2% during the fourth quarter. Handelsbanken Fonder AB now owns 1,098,942 shares of the transportation company’s stock valued at $35,463,000 after purchasing an additional 83,102 shares during the period. Finally, Private Advisor Group LLC raised its stake in shares of CSX by 45.9% during the fourth quarter. Private Advisor Group LLC now owns 167,552 shares of the transportation company’s stock valued at $5,407,000 after purchasing an additional 52,714 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CSX shares. Wells Fargo & Company decreased their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Citigroup lowered their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Benchmark restated a “buy” rating and issued a $38.00 target price on shares of CSX in a research report on Monday, January 27th. Finally, Barclays decreased their price target on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Trading Down 0.5 %

Shares of NASDAQ CSX opened at $32.30 on Friday. The business has a fifty day simple moving average of $32.63 and a 200-day simple moving average of $33.77. The company has a market cap of $62.29 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.92 and a beta of 1.23. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Sell-side analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.61%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. CSX’s payout ratio is presently 26.82%.

CSX Company 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.