Integrated Investment Consultants LLC Cuts Stock Position in CSX Co. (NASDAQ:CSX)

Integrated Investment Consultants LLC lowered its stake in CSX Co. (NASDAQ:CSX) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,600 shares of the transportation company’s stock after selling 1,089 shares during the period. Integrated Investment Consultants LLC’s holdings in CSX were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Banque Cantonale Vaudoise increased its holdings in shares of CSX by 149.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock worth $575,000 after purchasing an additional 10,301 shares in the last quarter. Ascent Group LLC increased its holdings in shares of CSX by 559.7% in the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock worth $2,179,000 after purchasing an additional 49,869 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after purchasing an additional 80,423 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of CSX by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock worth $116,521,000 after purchasing an additional 24,430 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of CSX by 3.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after purchasing an additional 77,488 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 2.1 %

CSX opened at $35.31 on Friday. The stock has a market cap of $68.09 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 2.20 and a beta of 1.19. The stock’s 50 day moving average price is $34.43 and its 200-day moving average price is $33.93. CSX Co. has a one year low of $31.65 and a one year high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period last year, the company earned $0.42 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that CSX Co. will post 1.84 EPS for the current year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.36%. CSX’s dividend payout ratio (DPR) is currently 25.81%.

Analyst Ratings Changes

A number of analysts have commented on the company. Stifel Nicolaus reduced their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada cut their price objective on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Citigroup lifted their price objective on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Barclays lifted their price objective on CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Stephens cut their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

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.