Trust Co. of Virginia VA Has $12.27 Million Stock Position in CSX Co. (NASDAQ:CSX)

Trust Co. of Virginia VA cut its position in shares of CSX Co. (NASDAQ:CSX) by 6.0% during the 1st quarter, Holdings Channel reports. The firm owned 330,914 shares of the transportation company’s stock after selling 20,998 shares during the quarter. Trust Co. of Virginia VA’s holdings in CSX were worth $12,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. High Net Worth Advisory Group LLC boosted its position in CSX by 1.7% during the 4th quarter. High Net Worth Advisory Group LLC now owns 17,704 shares of the transportation company’s stock valued at $614,000 after buying an additional 304 shares during the period. Stratos Wealth Advisors LLC raised its holdings in CSX by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock worth $978,000 after purchasing an additional 304 shares in the last quarter. Cornercap Investment Counsel Inc. raised its holdings in CSX by 0.3% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock worth $4,169,000 after purchasing an additional 309 shares in the last quarter. FCA Corp TX raised its holdings in CSX by 0.3% in the 4th quarter. FCA Corp TX now owns 115,572 shares of the transportation company’s stock worth $4,007,000 after purchasing an additional 339 shares in the last quarter. Finally, Castle Wealth Management LLC raised its holdings in CSX by 2.4% in the 4th quarter. Castle Wealth Management LLC now owns 15,413 shares of the transportation company’s stock worth $534,000 after purchasing an additional 367 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of NASDAQ CSX traded up $0.42 during trading on Friday, reaching $33.45. 15,864,930 shares of the company traded hands, compared to its average volume of 11,233,274. The firm has a 50 day simple moving average of $33.46 and a 200-day simple moving average of $35.11. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $65.39 billion, a PE ratio of 18.38, a P/E/G ratio of 1.71 and a beta of 1.19. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. Equities research analysts anticipate that CSX Co. will post 1.96 earnings per share for the current year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Friday, May 31st. CSX’s payout ratio is presently 26.37%.

Analyst Ratings Changes

Several brokerages have commented on CSX. UBS Group decreased their price objective on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Royal Bank of Canada decreased their price objective on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Stifel Nicolaus upped their price objective on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Wells Fargo & Company started coverage on shares of CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target for the company. Finally, Susquehanna decreased their price target on shares of CSX from $44.00 to $40.00 and set a “positive” rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.59.

CSX Company 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.