CSX Co. (NASDAQ:CSX) Shares Sold by MRP Capital Investments LLC

MRP Capital Investments LLC lowered its holdings in CSX Co. (NASDAQ:CSX) by 31.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,650 shares of the transportation company’s stock after selling 750 shares during the quarter. MRP Capital Investments LLC’s holdings in CSX were worth $53,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Avior Wealth Management LLC grew its stake in shares of CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after purchasing an additional 293 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after buying an additional 306 shares during the period. Associated Banc Corp boosted its holdings in shares of CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after buying an additional 310 shares during the period. Joel Isaacson & Co. LLC boosted its holdings in shares of CSX by 2.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company’s stock worth $421,000 after buying an additional 310 shares during the period. Finally, Patrick M Sweeney & Associates Inc. boosted its holdings in shares of CSX by 1.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company’s stock worth $1,027,000 after buying an additional 313 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Down 0.3 %

Shares of CSX stock opened at $29.98 on Friday. CSX Co. has a 1 year low of $28.98 and a 1 year high of $38.03. The firm’s fifty day simple moving average is $32.07 and its 200 day simple moving average is $33.39. The firm has a market capitalization of $56.80 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted 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 return on equity of 28.15% and a net margin of 23.95%. As a group, sell-side analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is currently 29.05%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Barclays decreased their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Raymond James restated an “outperform” rating and set a $37.00 price target (down from $38.00) on shares of CSX in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 price target for the company. Finally, Stephens restated an “overweight” rating and set a $38.00 price target on shares of CSX in a report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.