Wellington Management Group LLP Sells 3,509 Shares of CSX Co. (NASDAQ:CSX)

Wellington Management Group LLP lowered its stake in shares of CSX Co. (NASDAQ:CSX) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 80,291 shares of the transportation company’s stock after selling 3,509 shares during the quarter. Wellington Management Group LLP’s holdings in CSX were worth $2,784,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSX. Richardson Financial Services Inc. purchased a new position in shares of CSX during the fourth quarter valued at approximately $100,000. Fortis Group Advisors LLC grew its position in CSX by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 6,030 shares of the transportation company’s stock valued at $209,000 after acquiring an additional 3,015 shares during the last quarter. Tortoise Investment Management LLC bought a new stake in shares of CSX during the fourth quarter worth $35,000. Syon Capital LLC boosted its stake in shares of CSX by 8.7% during the fourth quarter. Syon Capital LLC now owns 23,505 shares of the transportation company’s stock valued at $815,000 after purchasing an additional 1,875 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of CSX by 11.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 10,611 shares of the transportation company’s stock worth $365,000 after purchasing an additional 1,076 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 1.3 %

Shares of NASDAQ:CSX opened at $33.45 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The firm has a market capitalization of $65.39 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.73 and a beta of 1.19. The business’s 50-day moving average is $33.46 and its 200 day moving average is $35.14. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm 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 29.58%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. On average, research analysts predict that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. CSX’s payout ratio is currently 26.37%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSX. Royal Bank of Canada lowered their price objective 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, April 18th. Bank of America reduced their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Stifel Nicolaus upped their target price on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. UBS Group dropped their price target on CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Jefferies Financial Group decreased their price objective on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.59.

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.