Decatur Capital Management Inc. Sells 602 Shares of CSX Co. (NASDAQ:CSX)

Decatur Capital Management Inc. lowered its position in shares of CSX Co. (NASDAQ:CSX) by 1.5% in the fourth quarter, HoldingsChannel reports. The fund owned 40,787 shares of the transportation company’s stock after selling 602 shares during the period. Decatur Capital Management Inc.’s holdings in CSX were worth $1,316,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Tudor Financial Inc. bought a new stake in CSX during the 3rd quarter worth about $473,000. World Investment Advisors LLC boosted its stake in shares of CSX by 137.4% in the 3rd quarter. World Investment Advisors LLC now owns 16,145 shares of the transportation company’s stock valued at $557,000 after purchasing an additional 9,344 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of CSX by 260.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 24,970 shares of the transportation company’s stock worth $862,000 after buying an additional 18,049 shares during the period. Tidal Investments LLC raised its stake in shares of CSX by 9.2% during the third quarter. Tidal Investments LLC now owns 194,760 shares of the transportation company’s stock worth $6,725,000 after buying an additional 16,456 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in CSX by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,350,289 shares of the transportation company’s stock valued at $47,652,000 after buying an additional 113,530 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CSX shares. Benchmark reaffirmed a “buy” rating and set a $35.00 target price on shares of CSX in a report on Thursday. Loop Capital cut CSX from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Jefferies Financial Group cut their target price on CSX from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company decreased their target price on CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, UBS Group cut their price target on shares of CSX from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.95.

CSX Stock Up 1.1 %

Shares of CSX stock opened at $27.64 on Friday. The firm has a market cap of $52.09 billion, a PE ratio of 15.44, a P/E/G ratio of 1.92 and a beta of 1.23. The business’s 50 day simple moving average is $30.07 and its 200 day simple moving average is $32.50. 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 Co. has a 52-week low of $26.22 and a 52-week high of $37.10.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. On average, analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is presently 31.14%.

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.