Victory Capital Management Inc. Has $67.80 Million Holdings in CSX Co. (NASDAQ:CSX)

Victory Capital Management Inc. decreased its stake in shares of CSX Co. (NASDAQ:CSXFree Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,955,525 shares of the transportation company’s stock after selling 158,774 shares during the period. Victory Capital Management Inc. owned approximately 0.10% of CSX worth $67,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. High Net Worth Advisory Group LLC boosted its holdings in CSX by 1.7% in the fourth quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock valued at $614,000 after acquiring an additional 304 shares during the last quarter. Stratos Wealth Advisors LLC lifted its position in shares of CSX by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock worth $978,000 after purchasing an additional 304 shares during the period. Cornercap Investment Counsel Inc. boosted its stake in shares of CSX by 0.3% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock valued at $4,169,000 after purchasing an additional 309 shares during the last quarter. Astoria Portfolio Advisors LLC. increased its position in shares of CSX by 2.4% during the third quarter. Astoria Portfolio Advisors LLC. now owns 14,672 shares of the transportation company’s stock worth $434,000 after buying an additional 349 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in CSX by 2.0% during the third quarter. Parkside Financial Bank & Trust now owns 17,967 shares of the transportation company’s stock worth $552,000 after buying an additional 352 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group decreased their price target on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Bank of America dropped their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. BMO Capital Markets raised their price objective on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. TD Cowen boosted their target price on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Benchmark restated a “buy” rating and issued a $40.00 price target on shares of CSX in a report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Read Our Latest Research Report on CSX

CSX Stock Performance

Shares of CSX opened at $33.85 on Friday. The firm has a market capitalization of $66.17 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.03 and a beta of 1.19. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12. The stock has a 50 day moving average price of $36.23 and a two-hundred day moving average price of $34.54. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15.

CSX (NASDAQ:CSXGet Free Report) last announced its quarterly earnings results 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. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. CSX’s revenue was down .8% compared to the same quarter last year. Equities analysts forecast that CSX Co. will post 1.95 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. This is an increase from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio is currently 26.37%.

About CSX

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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