M. Kulyk & Associates LLC Sells 7,172 Shares of CSX Co. (NASDAQ:CSX)

M. Kulyk & Associates LLC lessened its position in CSX Co. (NASDAQ:CSX) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,896 shares of the transportation company’s stock after selling 7,172 shares during the quarter. CSX accounts for 1.5% of M. Kulyk & Associates LLC’s portfolio, making the stock its 22nd largest position. M. Kulyk & Associates LLC’s holdings in CSX were worth $6,838,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Argentarii LLC bought a new stake in shares of CSX in the 4th quarter worth about $703,000. Atlantic Union Bankshares Corp lifted its holdings in shares of CSX by 0.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 160,384 shares of the transportation company’s stock worth $5,176,000 after acquiring an additional 1,494 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in CSX by 11.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 18,136 shares of the transportation company’s stock worth $585,000 after buying an additional 1,873 shares during the period. Banco Santander S.A. purchased a new position in CSX in the 4th quarter worth about $424,000. Finally, RKL Wealth Management LLC purchased a new position in CSX in the 4th quarter worth about $494,000. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CSX shares. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of CSX in a research note on Monday, January 27th. BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Loop Capital downgraded shares of CSX from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $37.00 price target (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

CSX Stock Up 1.1 %

NASDAQ:CSX opened at $31.26 on Friday. CSX Co. has a fifty-two week low of $30.55 and a fifty-two week high of $38.35. The stock has a market capitalization of $59.23 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The company’s 50-day simple moving average is $32.48 and its 200-day simple moving average is $33.62.

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

CSX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.66%. CSX’s dividend payout ratio (DPR) is 29.05%.

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.