Yousif Capital Management LLC Sells 25,555 Shares of CSX Co. (NASDAQ:CSX)

Yousif Capital Management LLC trimmed its holdings in CSX Co. (NASDAQ:CSX) by 8.4% in the first quarter, HoldingsChannel reports. The fund owned 276,957 shares of the transportation company’s stock after selling 25,555 shares during the period. Yousif Capital Management LLC’s holdings in CSX were worth $8,151,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Bruce G. Allen Investments LLC lifted its holdings in shares of CSX by 17.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 4,364 shares of the transportation company’s stock worth $128,000 after acquiring an additional 638 shares during the last quarter. Tounjian Advisory Partners LLC bought a new stake in shares of CSX in the 1st quarter worth approximately $2,387,000. Patrick M Sweeney & Associates Inc. raised its holdings in CSX by 1.2% during the 1st quarter. Patrick M Sweeney & Associates Inc. now owns 32,205 shares of the transportation company’s stock valued at $948,000 after buying an additional 378 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in CSX by 61.4% during the 1st quarter. Farther Finance Advisors LLC now owns 14,154 shares of the transportation company’s stock valued at $418,000 after buying an additional 5,382 shares during the last quarter. Finally, Portside Wealth Group LLC raised its holdings in CSX by 1.3% during the 1st quarter. Portside Wealth Group LLC now owns 27,335 shares of the transportation company’s stock valued at $804,000 after buying an additional 361 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Up 2.0%

NASDAQ:CSX opened at $32.61 on Wednesday. The firm’s 50-day moving average price is $29.42 and its 200-day moving average price is $31.33. The company has a market capitalization of $61.26 billion, a PE ratio of 18.22, a P/E/G ratio of 1.92 and a beta of 1.24. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, May 30th. CSX’s payout ratio is presently 31.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank of Canada lowered their price target on shares of CSX from $31.00 to $30.00 and set a “sector perform” rating for the company in a report on Thursday, April 17th. Benchmark reiterated a “buy” rating and set a $35.00 price target on shares of CSX in a report on Thursday, April 17th. Bank of America upped their price target on shares of CSX from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 12th. Citigroup lowered their price target on shares of CSX from $39.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Evercore ISI lowered their price target on shares of CSX from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.95.

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.