Cambridge Trust Co. Buys 750 Shares of CSX Co. (NASDAQ:CSX)

Cambridge Trust Co. boosted its stake in CSX Co. (NASDAQ:CSX) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,281 shares of the transportation company’s stock after acquiring an additional 750 shares during the period. Cambridge Trust Co.’s holdings in CSX were worth $937,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC boosted its stake in shares of CSX by 0.3% during the first quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock valued at $3,839,000 after purchasing an additional 303 shares during the period. Stratos Wealth Advisors LLC lifted its stake in CSX by 1.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 28,210 shares of the transportation company’s stock worth $978,000 after acquiring an additional 304 shares during the period. Team Hewins LLC lifted its stake in CSX by 1.7% in the first quarter. Team Hewins LLC now owns 18,778 shares of the transportation company’s stock worth $696,000 after acquiring an additional 306 shares during the period. Cornercap Investment Counsel Inc. lifted its stake in CSX by 0.3% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 120,244 shares of the transportation company’s stock worth $4,169,000 after acquiring an additional 309 shares during the period. Finally, FCA Corp TX lifted its stake in CSX by 0.3% in the fourth quarter. FCA Corp TX now owns 115,572 shares of the transportation company’s stock worth $4,007,000 after acquiring an additional 339 shares during the period. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CSX. Stifel Nicolaus increased their price target on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Royal Bank of Canada decreased their price target on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of CSX in a research report on Thursday, April 18th. Susquehanna cut their price objective on shares of CSX from $44.00 to $40.00 and set a “positive” rating on the stock in a report on Tuesday, June 25th. Finally, UBS Group cut 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. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.14.

CSX Stock Performance

CSX stock traded down $0.69 during mid-day trading on Friday, hitting $34.08. The company had a trading volume of 13,305,920 shares, compared to its average volume of 10,860,391. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12. The company’s fifty day moving average is $33.56 and its 200-day moving average is $35.04. The company has a market capitalization of $66.62 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 1.89 and a beta of 1.20.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 1.41%. CSX’s dividend payout ratio is presently 26.37%.

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.