Trust Co. of Vermont Raises Holdings in CSX Co. (NASDAQ:CSX)

Trust Co. of Vermont lifted its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,966 shares of the transportation company’s stock after buying an additional 373 shares during the period. Trust Co. of Vermont’s holdings in CSX were worth $2,307,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC increased its stake in CSX by 3,241.9% in the 4th quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock valued at $8,158,000 after purchasing an additional 228,263 shares in the last quarter. Sowell Financial Services LLC purchased a new position in CSX in the 4th quarter valued at approximately $370,000. Allworth Financial LP increased its stake in CSX by 1.1% in the 4th quarter. Allworth Financial LP now owns 50,294 shares of the transportation company’s stock valued at $1,744,000 after purchasing an additional 563 shares in the last quarter. Prime Capital Investment Advisors LLC increased its stake in CSX by 35.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 74,529 shares of the transportation company’s stock valued at $2,584,000 after purchasing an additional 19,432 shares in the last quarter. Finally, Grimes & Company Inc. purchased a new position in CSX in the 4th quarter valued at approximately $264,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Up 2.6 %

CSX stock traded up $0.86 during midday trading on Tuesday, reaching $33.86. The stock had a trading volume of 18,679,482 shares, compared to its average volume of 11,880,532. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The stock has a market capitalization of $66.19 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The stock’s 50-day simple moving average is $33.54 and its 200 day simple moving average is $35.04.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the company posted $0.49 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. Analysts expect that CSX Co. will post 1.94 EPS for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, August 30th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Jefferies Financial Group dropped their price objective on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $36.00 price target on shares of CSX in a research report on Tuesday. Susquehanna dropped their price target on CSX from $44.00 to $40.00 and set a “positive” rating for the company in a research report on Tuesday, June 25th. Stifel Nicolaus raised their price target on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, UBS Group dropped their price target on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.73.

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.