CSX Co. (NASDAQ:CSX) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of CSX Co. (NASDAQ:CSX) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 373,321 shares of the transportation company’s stock after selling 11,155 shares during the period. Amalgamated Bank’s holdings in CSX were worth $12,047,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC grew its position in shares of 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 buying an additional 293 shares during the last quarter. Rehmann Capital Advisory Group boosted 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 acquiring an additional 306 shares during the period. J.W. Cole Advisors Inc. grew 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 purchasing an additional 309 shares during the last quarter. Associated Banc Corp raised its position in shares of CSX by 0.6% during the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after purchasing an additional 310 shares during the period. Finally, Joel Isaacson & Co. LLC lifted 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 purchasing an additional 310 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Robert W. Baird dropped their target price on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Barclays lowered their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. BMO Capital Markets cut their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock 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. Finally, Benchmark reaffirmed a “buy” rating and set a $38.00 price target on shares of CSX in a report on Monday, January 27th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Trading Up 0.9 %

Shares of CSX stock opened at $32.09 on Wednesday. The business has a fifty day simple moving average of $32.59 and a 200-day simple moving average of $33.74. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $38.70. The firm has a market cap of $61.88 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. 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 issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, equities analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.62%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. CSX’s dividend payout ratio (DPR) is presently 29.05%.

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.