Edmond DE Rothschild Holding S.A. Cuts Position in CSX Co. (NASDAQ:CSX)

Edmond DE Rothschild Holding S.A. cut its holdings in shares of CSX Co. (NASDAQ:CSX) by 30.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the transportation company’s stock after selling 3,540 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in CSX were worth $599,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Virtus ETF Advisers LLC boosted its position in shares of CSX by 117.1% during the 4th quarter. Virtus ETF Advisers LLC now owns 445 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of CSX during the 4th quarter valued at about $28,000. Liberty Wealth Management LLC bought a new stake in shares of CSX during the 4th quarter valued at about $28,000. Karp Capital Management Corp bought a new stake in shares of CSX during the 4th quarter valued at about $30,000. Finally, Berman Capital Advisors LLC bought a new stake in shares of CSX during the 4th quarter valued at about $35,000. 75.68% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Angela C. Williams sold 9,560 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was 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 directly owns 14,607 shares of the company’s stock, valued at $1,155,997.98. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nathan D. Goldman sold 7,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $79.50, for a total value of $556,500.00. Following the transaction, the executive vice president now directly owns 79,697 shares of the company’s stock, valued at $6,335,911.50. The disclosure for this sale can be found here. Company insiders own 4.83% of the company’s stock.

A number of analysts have recently issued reports on CSX shares. Morgan Stanley lifted their price target on CSX from $55.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, April 17th. BidaskClub downgraded CSX from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. SNS Securities downgraded CSX from a “positive” rating to a “neutral” rating in a research report on Wednesday, April 3rd. Zacks Investment Research upgraded CSX from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Monday, April 22nd. Finally, Susquehanna Bancshares reaffirmed a “neutral” rating on shares of CSX in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. CSX currently has a consensus rating of “Hold” and a consensus target price of $79.41.

Shares of NASDAQ:CSX traded up $1.26 during midday trading on Monday, reaching $78.63. 3,104,105 shares of the company’s stock traded hands, compared to its average volume of 4,568,140. The company has a market capitalization of $62.60 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.35 and a beta of 1.23. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 1.27. CSX Co. has a one year low of $58.47 and a one year high of $80.73. The stock’s 50 day moving average price is $77.09.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. CSX had a return on equity of 26.13% and a net margin of 27.84%. CSX’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Equities research analysts anticipate that CSX Co. will post 4.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Thursday, May 30th. CSX’s dividend payout ratio is currently 25.00%.

CSX Company 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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