Sabal Trust CO Has $1.08 Million Stock Position in CSX Co. (NASDAQ:CSX)

Sabal Trust CO lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 91.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,513 shares of the transportation company’s stock after buying an additional 15,968 shares during the period. Sabal Trust CO’s holdings in CSX were worth $1,081,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. State Street Corp increased its stake in shares of CSX by 0.6% in the third quarter. State Street Corp now owns 82,250,713 shares of the transportation company’s stock valued at $2,840,117,000 after buying an additional 455,258 shares during the period. Geode Capital Management LLC raised its position in shares of CSX by 0.5% during the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company’s stock worth $1,407,087,000 after acquiring an additional 190,346 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in CSX by 3.6% in the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after acquiring an additional 857,302 shares during the last quarter. Bank of New York Mellon Corp increased its position in CSX by 40.5% during the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock valued at $753,507,000 after purchasing an additional 6,730,316 shares during the period. Finally, FMR LLC lifted its position in shares of CSX by 10.2% in the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after purchasing an additional 1,447,651 shares during the period. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

CSX stock opened at $32.09 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock’s 50 day moving average is $32.59 and its 200 day moving average is $33.74. CSX Co. has a twelve month low of $31.43 and a twelve month high of $38.70. The company has a market capitalization of $61.88 billion, a P/E ratio of 17.93, a PEG ratio of 1.92 and a beta of 1.23.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities research analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. This is an increase from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, February 28th. CSX’s dividend payout ratio is presently 29.05%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Robert W. Baird reduced their price objective on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. BMO Capital Markets cut their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company lowered their price target on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Susquehanna reduced their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of CSX in a report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

CSX 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.