Trust Co. of Virginia VA Has $12.27 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Trust Co. of Virginia VA decreased its holdings in CSX Co. (NASDAQ:CSX) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 330,914 shares of the transportation company’s stock after selling 20,998 shares during the quarter. Trust Co. of Virginia VA’s holdings in CSX were worth $12,267,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Fortitude Family Office LLC bought a new stake in shares of CSX in the 4th quarter worth about $27,000. Life Planning Partners Inc bought a new stake in CSX during the 4th quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. bought a new stake in CSX during the 1st quarter worth about $29,000. Burkett Financial Services LLC bought a new stake in CSX during the 4th quarter worth about $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in CSX during the 4th quarter worth about $34,000. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CSX shares. Bank of America decreased their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. UBS Group decreased their price objective on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Stifel Nicolaus increased their price objective on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of CSX in a research note on Thursday, April 18th. Finally, Susquehanna dropped their price target on shares of CSX from $44.00 to $40.00 and set a “positive” rating for the company in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.59.

CSX Trading Up 1.3 %

Shares of CSX stock traded up $0.42 on Friday, hitting $33.45. The stock had a trading volume of 15,864,930 shares, compared to its average volume of 11,233,274. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The firm has a market cap of $65.39 billion, a P/E ratio of 18.38, a PEG ratio of 1.71 and a beta of 1.19. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The company has a fifty day moving average price of $33.46 and a two-hundred day moving average price of $35.11.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The firm’s revenue was down .8% on a year-over-year basis. As a group, analysts forecast that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, May 31st. CSX’s payout ratio is presently 26.37%.

About CSX

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.