CSX Co. (NASDAQ:CSX) Shares Sold by First National Bank of Omaha

First National Bank of Omaha cut its stake in shares of CSX Co. (NASDAQ:CSXFree Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 172,942 shares of the transportation company’s stock after selling 1,857 shares during the period. First National Bank of Omaha’s holdings in CSX were worth $5,996,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. High Net Worth Advisory Group LLC boosted its position in shares of CSX by 1.7% in the 4th quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock worth $614,000 after buying an additional 304 shares in the last quarter. Stratos Wealth Advisors LLC boosted 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 buying an additional 304 shares in the last quarter. Cornercap Investment Counsel Inc. boosted its position 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 worth $4,169,000 after buying an additional 309 shares in the last quarter. FCA Corp TX boosted its position in shares of CSX by 0.3% in the 4th quarter. FCA Corp TX now owns 115,572 shares of the transportation company’s stock worth $4,007,000 after buying an additional 339 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of CSX by 2.0% in the 3rd 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 in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Up 0.7 %

NASDAQ:CSX traded up $0.22 during trading hours on Friday, hitting $33.21. The stock had a trading volume of 1,967,992 shares, compared to its average volume of 11,929,536. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The business has a 50 day simple moving average of $34.34 and a two-hundred day simple moving average of $35.09. The company has a market cap of $64.92 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.71 and a beta of 1.19.

CSX (NASDAQ:CSXGet Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the company earned $0.48 earnings per share. CSX’s revenue for the quarter was down .8% on a year-over-year basis. Analysts predict that CSX Co. will post 1.96 EPS for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, May 31st. CSX’s payout ratio is currently 26.37%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Wells Fargo & Company initiated coverage on shares of CSX in a report on Friday. They issued an “equal weight” rating and a $35.00 target price on the stock. Royal Bank of Canada reduced their target price on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Jefferies Financial Group reduced their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Finally, Stifel Nicolaus upped their target price on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.82.

Read Our Latest Analysis on CSX

CSX Company Profile

(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.

See Also

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.