Atlas Capital Advisors Inc. Has $154,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Atlas Capital Advisors Inc. trimmed its holdings in shares of CSX Co. (NASDAQ:CSX) by 23.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,774 shares of the transportation company’s stock after selling 1,433 shares during the period. Atlas Capital Advisors Inc.’s holdings in CSX were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CSX. Geode Capital Management LLC increased its stake in shares of CSX by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company’s stock worth $1,339,555,000 after acquiring an additional 726,507 shares during the last quarter. Fisher Asset Management LLC increased its position in CSX by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company’s stock worth $805,345,000 after purchasing an additional 299,536 shares during the last quarter. Norges Bank purchased a new stake in shares of CSX during the 4th quarter worth about $780,194,000. Bank of New York Mellon Corp raised its stake in shares of CSX by 40.5% during the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock worth $753,507,000 after purchasing an additional 6,730,316 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of CSX by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,950,185 shares of the transportation company’s stock valued at $385,632,000 after buying an additional 358,042 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

Shares of CSX stock opened at $27.21 on Friday. The company has a market capitalization of $51.28 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $26.95 and a 12 month high of $37.10. The stock has a 50 day moving average of $31.32 and a two-hundred day moving average of $33.03.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts expect that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is 29.05%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSX. BMO Capital Markets cut their price objective on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada reduced their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday, January 24th. Robert W. Baird lowered their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target on CSX from $34.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Finally, Stephens reissued an “overweight” rating and set a $38.00 price objective on shares of CSX in a report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

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.