Kistler Tiffany Companies LLC Reduces Position in CSX Co. (NASDAQ:CSX)

Posted by on Apr 13th, 2023

Kistler Tiffany Companies LLC decreased its holdings in shares of CSX Co. (NASDAQ:CSX – Get Rating) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,861 shares of the transportation company’s stock after selling 497 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in CSX were worth $58,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of CSX during the fourth quarter worth $32,000. Webster Bank N. A. purchased a new stake in shares of CSX in the third quarter valued at about $40,000. Godsey & Gibb Inc. purchased a new stake in shares of CSX in the third quarter valued at about $43,000. Centerpoint Advisors LLC purchased a new stake in shares of CSX in the fourth quarter valued at about $46,000. Finally, Orion Capital Management LLC grew its holdings in shares of CSX by 504.0% in the third quarter. Orion Capital Management LLC now owns 1,830 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 1,527 shares during the period. Hedge funds and other institutional investors own 72.91% of the company’s stock.

Analyst Ratings Changes

CSX has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of CSX from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, January 26th. Raymond James upped their target price on shares of CSX from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, January 18th. Cowen upped their target price on shares of CSX from $33.00 to $35.00 and gave the company a “market perform” rating in a research report on Thursday, January 26th. Morgan Stanley raised shares of CSX from an “underweight” rating to an “equal weight” rating and set a $24.00 target price on the stock in a research report on Tuesday, April 4th. Finally, Credit Suisse Group decreased their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, January 26th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and an average target price of $34.39.

CSX Price Performance

CSX stock opened at $30.16 on Thursday. The firm has a market capitalization of $61.86 billion, a PE ratio of 15.55, a P/E/G ratio of 2.33 and a beta of 1.22. The company has a quick ratio of 1.42, a current ratio of 1.56 and a debt-to-equity ratio of 1.42. The firm’s 50-day simple moving average is $30.29 and its 200 day simple moving average is $30.31. CSX Co. has a 52 week low of $25.80 and a 52 week high of $38.17.

CSX (NASDAQ:CSX – Get Rating) last released its earnings results on Wednesday, January 25th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. CSX had a net margin of 28.05% and a return on equity of 31.48%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. On average, equities research analysts predict that CSX Co. will post 1.87 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.46%. This is a positive change from CSX’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, February 27th. CSX’s dividend payout ratio is 22.68%.

About CSX

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CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.

See Also

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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