Blue Bell Private Wealth Management LLC Decreases Position in CSX Co. (NASDAQ:CSX)

Blue Bell Private Wealth Management LLC lessened its holdings in shares of CSX Co. (NASDAQ:CSX) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,304 shares of the transportation company’s stock after selling 1,462 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in CSX were worth $526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSX. Valley Wealth Managers Inc. raised its stake in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in CSX during the 4th quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in CSX during the 4th quarter worth about $33,000. Center for Financial Planning Inc. grew its position in CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after purchasing an additional 720 shares during the period. Finally, Addison Advisors LLC grew its position in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after purchasing an additional 812 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.0 %

CSX opened at $30.93 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company’s 50 day simple moving average is $32.50 and its two-hundred day simple moving average is $33.64. CSX Co. has a 1-year low of $30.55 and a 1-year high of $38.46. The firm has a market capitalization of $59.65 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX) last released its 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 return on equity of 28.15% and a net margin of 23.95%. Analysts expect 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. Shareholders of record on Friday, February 28th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.68%. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. CSX’s dividend payout ratio (DPR) is 29.05%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup dropped their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Stephens restated an “overweight” rating and set a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Susquehanna dropped their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, 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. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock 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.