Amalgamated Bank Sells 15,025 Shares of CSX Co. (NASDAQ:CSX)

Amalgamated Bank lessened its holdings in shares of CSX Co. (NASDAQ:CSX – Get Rating) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,187 shares of the transportation company’s stock after selling 15,025 shares during the period. Amalgamated Bank’s holdings in CSX were worth $17,200,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Lazard Asset Management LLC lifted its holdings in shares of CSX by 5.6% during the 3rd quarter. Lazard Asset Management LLC now owns 26,577,013 shares of the transportation company’s stock valued at $708,010,000 after purchasing an additional 1,414,959 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of CSX by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 20,609,867 shares of the transportation company’s stock worth $638,494,000 after purchasing an additional 408,674 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of CSX by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,642,400 shares of the transportation company’s stock worth $390,160,000 after purchasing an additional 79,243 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CSX by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,078,045 shares of the transportation company’s stock worth $414,874,000 after acquiring an additional 350,442 shares during the last quarter. Finally, Winslow Capital Management LLC increased its holdings in shares of CSX by 4.4% during the 4th quarter. Winslow Capital Management LLC now owns 10,481,724 shares of the transportation company’s stock worth $324,724,000 after acquiring an additional 441,153 shares during the last quarter. Institutional investors own 72.91% of the company’s stock.

CSX Trading Down 0.7 %

NASDAQ CSX traded down $0.21 during trading hours on Friday, hitting $30.71. 4,155,867 shares of the company’s stock were exchanged, compared to its average volume of 13,236,267. The stock has a 50-day simple moving average of $30.56 and a 200 day simple moving average of $31.02. CSX Co. has a 1-year low of $25.80 and a 1-year high of $34.71. The firm has a market cap of $62.44 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 2.18 and a beta of 1.23. The company has a current ratio of 1.45, a quick ratio of 1.28 and a debt-to-equity ratio of 1.45.

CSX (NASDAQ:CSX – Get Rating) last released its earnings results on Thursday, April 20th. The transportation company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. CSX had a return on equity of 33.01% and a net margin of 28.35%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that CSX Co. will post 1.94 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a $0.11 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.44 dividend on an annualized basis and a yield of 1.43%. CSX’s dividend payout ratio (DPR) is presently 21.67%.

Analysts Set New Price Targets

CSX has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on CSX from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, April 21st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of CSX in a report on Friday, April 21st. Citigroup raised CSX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $33.00 to $37.00 in a report on Monday. Morgan Stanley upped their price objective on CSX from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, April 21st. Finally, Benchmark decreased their price objective on CSX from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 26th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.76.

About CSX

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CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.