Crawford Investment Counsel Inc. Has $234,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Crawford Investment Counsel Inc. reduced its position in shares of CSX Co. (NASDAQ:CSXGet Rating) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,243 shares of the transportation company’s stock after selling 453 shares during the period. Crawford Investment Counsel Inc.’s holdings in CSX were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of CSX during the fourth quarter worth $732,770,000. Capital World Investors boosted its stake in shares of CSX by 4.4% during the fourth quarter. Capital World Investors now owns 184,488,460 shares of the transportation company’s stock valued at $6,936,719,000 after purchasing an additional 7,841,524 shares in the last quarter. BlackRock Inc. boosted its position in CSX by 3.5% during the 4th quarter. BlackRock Inc. now owns 151,615,861 shares of the transportation company’s stock worth $5,700,758,000 after buying an additional 5,149,812 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of CSX by 395.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,208,520 shares of the transportation company’s stock valued at $195,059,000 after buying an additional 4,158,204 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in CSX by 333.6% during the first quarter. Assenagon Asset Management S.A. now owns 4,834,206 shares of the transportation company’s stock worth $181,041,000 after buying an additional 3,719,186 shares during the last quarter. 73.60% of the stock is currently owned by institutional investors.

CSX Stock Performance

Shares of CSX opened at $32.63 on Monday. CSX Co. has a 12-month low of $27.59 and a 12-month high of $38.63. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.22. The company has a market cap of $69.87 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.71 and a beta of 1.21. The stock has a 50-day moving average price of $31.69 and a 200-day moving average price of $32.84.

CSX (NASDAQ:CSXGet Rating) last announced its earnings results on Wednesday, July 20th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.67 billion. CSX had a net margin of 28.24% and a return on equity of 29.07%. CSX’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. As a group, equities analysts forecast that CSX Co. will post 1.89 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.23%. CSX’s dividend payout ratio is presently 22.47%.

Analyst Upgrades and Downgrades

CSX has been the topic of several research reports. Susquehanna dropped their price objective on shares of CSX from $36.00 to $35.00 in a report on Thursday, July 21st. Stifel Nicolaus raised CSX from a “hold” rating to a “buy” rating and decreased their target price for the stock from $39.00 to $37.00 in a research report on Friday, July 15th. They noted that the move was a valuation call. Barclays upped their price target on CSX from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, July 21st. Citigroup lowered CSX from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $45.00 to $35.00 in a report on Thursday, May 19th. Finally, StockNews.com raised shares of CSX from a “hold” rating to a “buy” rating in a report on Saturday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.52.

About CSX

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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 transports chemicals, agricultural and food products, automotive, minerals, 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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