Chatham Capital Group Inc. Has $1.07 Million Stake in CSX Co. (CSX)

Chatham Capital Group Inc. trimmed its stake in CSX Co. (NASDAQ:CSX) by 4.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,300 shares of the transportation company’s stock after selling 694 shares during the period. Chatham Capital Group Inc.’s holdings in CSX were worth $1,070,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Cigna Investments Inc. New boosted its holdings in CSX by 1.1% in the 4th quarter. Cigna Investments Inc. New now owns 26,360 shares of the transportation company’s stock worth $1,637,000 after buying an additional 276 shares during the period. Suntrust Banks Inc. boosted its holdings in CSX by 15.2% in the 4th quarter. Suntrust Banks Inc. now owns 342,170 shares of the transportation company’s stock worth $21,259,000 after buying an additional 45,146 shares during the period. Shelton Capital Management boosted its holdings in CSX by 33.2% in the 4th quarter. Shelton Capital Management now owns 111,623 shares of the transportation company’s stock worth $6,935,000 after buying an additional 27,800 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in CSX by 5.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 359,815 shares of the transportation company’s stock worth $22,355,000 after buying an additional 18,062 shares during the period. Finally, Thoroughbred Financial Services LLC bought a new position in CSX in the 4th quarter worth $221,000. Hedge funds and other institutional investors own 75.51% of the company’s stock.

CSX opened at $77.44 on Thursday. CSX Co. has a 52 week low of $58.47 and a 52 week high of $80.73. The stock has a market cap of $63.39 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.34 and a beta of 1.29. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 1.27.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. CSX had a net margin of 27.84% and a return on equity of 26.13%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts forecast that CSX Co. will post 4.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 30th. CSX’s dividend payout ratio (DPR) is presently 25.00%.

Several brokerages recently weighed in on CSX. BidaskClub raised shares of CSX from a “buy” rating to a “strong-buy” rating in a report on Monday. Zacks Investment Research raised shares of CSX from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Thursday, January 24th. ValuEngine raised shares of CSX from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. BMO Capital Markets upped their target price on shares of CSX from $76.00 to $78.00 and gave the stock a “market perform” rating in a report on Wednesday, April 17th. They noted that the move was a valuation call. Finally, TD Securities upped their target price on shares of CSX from $79.00 to $81.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $79.58.

In other CSX news, VP Angela C. Williams sold 9,560 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $79.14, for a total transaction of $756,578.40. Following the completion of the transaction, the vice president now owns 14,607 shares of the company’s stock, valued at approximately $1,155,997.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.83% of the stock is owned by corporate insiders.

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CSX Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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