Leavell Investment Management Inc. Lowers Stock Position in CSX Co. (NASDAQ:CSX)

Leavell Investment Management Inc. cut its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,045 shares of the transportation company’s stock after selling 693 shares during the period. Leavell Investment Management Inc.’s holdings in CSX were worth $1,228,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CSX. Exchange Traded Concepts LLC lifted its position in CSX by 255.9% during the third quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company’s stock valued at $259,000 after acquiring an additional 5,396 shares during the last quarter. Creative Planning increased its position in shares of CSX by 2.2% during the third quarter. Creative Planning now owns 634,696 shares of the transportation company’s stock worth $21,916,000 after purchasing an additional 13,613 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of CSX by 8.3% during the 3rd quarter. NBC Securities Inc. now owns 7,323 shares of the transportation company’s stock valued at $252,000 after purchasing an additional 560 shares during the last quarter. Mason & Associates LLC boosted its position in shares of CSX by 23.9% in the 3rd quarter. Mason & Associates LLC now owns 15,121 shares of the transportation company’s stock worth $522,000 after purchasing an additional 2,920 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. grew its stake in CSX by 33.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after buying an additional 316 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.6 %

CSX stock opened at $32.92 on Thursday. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The firm has a market cap of $63.48 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The business’s 50-day moving average price is $32.82 and its 200 day moving average price is $33.84. 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 released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, sell-side analysts anticipate that CSX Co. will post 1.86 earnings per share for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.58%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is currently 26.82%.

Analyst Ratings Changes

CSX has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Citigroup decreased their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Robert W. Baird dropped their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Evercore ISI decreased their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

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.