CSX Co. (NASDAQ:CSX) Stock Position Trimmed by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp lessened its position in shares of CSX Co. (NASDAQ:CSX) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 158,541 shares of the transportation company’s stock after selling 10,335 shares during the quarter. CSX accounts for 2.6% of Aull & Monroe Investment Management Corp’s portfolio, making the stock its 9th largest position. Aull & Monroe Investment Management Corp’s holdings in CSX were worth $5,116,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Valley Wealth Managers Inc. raised its holdings in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of CSX in the fourth quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new position in CSX in the fourth quarter worth approximately $33,000. Addison Advisors LLC grew its position in CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares during the period. Finally, Center for Financial Planning Inc. grew its position in CSX by 205.7% in the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after acquiring an additional 720 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CSX shares. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday, January 10th. Barclays cut their price target on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Citigroup cut their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Susquehanna cut their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Loop Capital cut CSX from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Six equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Trading Down 0.9 %

Shares of CSX stock opened at $30.92 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 1 year low of $30.62 and a 1 year high of $38.51. The company has a market capitalization of $59.63 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.92 and a beta of 1.23. The business has a 50 day moving average price of $32.53 and a 200 day moving average price of $33.66.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Sell-side analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal 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 issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.68%. CSX’s payout ratio is 29.05%.

About CSX

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.