Hyman Charles D Reduces Stock Holdings in CSX Co. (NASDAQ:CSX)

Hyman Charles D lessened its stake in shares of CSX Co. (NASDAQ:CSX) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 799,412 shares of the transportation company’s stock after selling 19,900 shares during the quarter. CSX makes up approximately 1.7% of Hyman Charles D’s investment portfolio, making the stock its 18th biggest holding. Hyman Charles D’s holdings in CSX were worth $27,716,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in CSX. Assenagon Asset Management S.A. raised its stake in CSX by 416.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,070,296 shares of the transportation company’s stock worth $155,912,000 after acquiring an additional 4,089,150 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of CSX by 10.4% in the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock valued at $897,624,000 after buying an additional 2,748,738 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of CSX by 68.1% in the third quarter. PNC Financial Services Group Inc. now owns 5,234,797 shares of the transportation company’s stock worth $160,970,000 after buying an additional 2,119,965 shares during the last quarter. Barclays PLC raised its position in CSX by 29.0% during the third quarter. Barclays PLC now owns 7,160,597 shares of the transportation company’s stock valued at $220,189,000 after acquiring an additional 1,609,942 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in CSX by 43.8% during the third quarter. Adage Capital Partners GP L.L.C. now owns 4,752,117 shares of the transportation company’s stock valued at $146,128,000 after acquiring an additional 1,446,685 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Raymond James boosted their price objective on CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. BMO Capital Markets upped their price target on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of CSX in a research note on Thursday, April 18th. TD Cowen increased their price target on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Susquehanna increased their target price on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research note on Thursday, March 28th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

CSX Stock Up 0.8 %

CSX stock traded up $0.26 during mid-day trading on Wednesday, hitting $34.22. The company’s stock had a trading volume of 8,092,222 shares, compared to its average volume of 12,196,176. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. 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 company has a market cap of $66.90 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The firm’s 50 day moving average is $36.06 and its 200 day moving average is $34.64.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The business 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%. CSX’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.48 earnings per share. On average, analysts anticipate that CSX Co. will post 1.95 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. CSX’s dividend payout ratio is 26.37%.

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.