Amalgamated Bank Has $16.89 Million Holdings in CSX Co. (NASDAQ:CSX)

Amalgamated Bank trimmed its holdings in CSX Co. (NASDAQ:CSX) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 487,142 shares of the transportation company’s stock after selling 26,030 shares during the period. Amalgamated Bank’s holdings in CSX were worth $16,889,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Value Partners Investments Inc. acquired a new position in shares of CSX in the third quarter valued at approximately $1,172,000. Morgan Stanley grew its holdings in CSX by 3.1% in the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after buying an additional 739,411 shares in the last quarter. International Assets Investment Management LLC increased its position in CSX by 3,241.9% during the 4th quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock worth $8,158,000 after buying an additional 228,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CSX by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock worth $25,078,000 after buying an additional 34,730 shares in the last quarter. Finally, Sapient Capital LLC bought a new stake in shares of CSX in the fourth quarter valued at about $1,279,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Trading Up 0.8 %

Shares of CSX stock traded up $0.28 during mid-day trading on Friday, reaching $33.85. 6,617,956 shares of the stock traded hands, compared to its average volume of 12,311,956. The stock’s fifty day simple moving average is $36.32 and its two-hundred day simple moving average is $34.52. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. 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 company has a market cap of $66.17 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period last year, the company earned $0.48 EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, research analysts anticipate that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%. This is an increase from CSX’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s dividend payout ratio is presently 26.37%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CSX. StockNews.com lowered shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Jefferies Financial Group reduced their price target on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Stifel Nicolaus lifted their price objective on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. UBS Group cut their target price on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, Royal Bank of Canada decreased their price target on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.00.

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.