CSX Co. (NASDAQ:CSX) Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC trimmed its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,189 shares of the transportation company’s stock after selling 786 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in CSX were worth $2,910,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Avior Wealth Management LLC boosted its position in CSX by 2.5% during the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 293 shares during the period. Rehmann Capital Advisory Group lifted its stake in CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after buying an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after acquiring an additional 309 shares during the period. Associated Banc Corp grew its position in shares of CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after acquiring an additional 310 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its holdings in shares of CSX by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock worth $421,000 after acquiring an additional 310 shares during the period. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

NASDAQ CSX opened at $32.30 on Monday. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The business’s fifty day moving average is $32.63 and its two-hundred day moving average is $33.77. The stock has a market capitalization of $62.29 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, research analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend 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 dividend payout ratio (DPR) is presently 29.05%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CSX. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Barclays reduced their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Stephens restated an “overweight” rating and issued a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average price target of $37.16.

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.