Aptus Capital Advisors LLC Has $1.44 Million Holdings in CSX Corporation $CSX

Key Points

• Aptus Capital Advisors LLC significantly decreased its holdings in CSX Corporation by 91.2%, ending the most recent quarter with a value of $1.44 million from 48,825 shares after selling over 503,000 shares.
• Multiple institutional investors have increased their stakes in CSX, with T. Rowe Price raising its holding by 45.7%, bringing its ownership to over 301,000 shares, and contributing to a total of 73.57% institutional ownership.
• CSX's recent quarterly earnings report showed an EPS of $0.44, surpassing expectations, but the company's revenue fell 3.5% year-over-year, highlighting a mixed financial performance.

Aptus Capital Advisors LLC lessened its stake in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 91.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,825 shares of the transportation company's stock after selling 503,517 shares during the quarter. Aptus Capital Advisors LLC's holdings in CSX were worth $1,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CSX. Brighton Jones LLC lifted its position in shares of CSX by 5.5% during the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock worth $525,000 after buying an additional 849 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in CSX by 219.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock valued at $34,000 after purchasing an additional 714 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in CSX by 29.7% in the 4th quarter. OneDigital Investment Advisors LLC now owns 88,236 shares of the transportation company's stock valued at $2,847,000 after purchasing an additional 20,225 shares during the last quarter. Alta Advisers Ltd raised its position in CSX by 8.5% in the 4th quarter. Alta Advisers Ltd now owns 6,292 shares of the transportation company's stock valued at $203,000 after purchasing an additional 492 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in CSX by 45.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 301,144 shares of the transportation company's stock valued at $9,718,000 after purchasing an additional 94,468 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Trading Down 1.2%

Shares of CSX stock traded down $0.40 on Tuesday, reaching $32.41. 34,654,592 shares of the stock were exchanged, compared to its average volume of 24,777,318. The stock has a market cap of $60.42 billion, a PE ratio of 20.01, a P/E/G ratio of 2.45 and a beta of 1.25. CSX Corporation has a one year low of $26.22 and a one year high of $37.25. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. The stock has a 50 day moving average price of $34.34 and a 200 day moving average price of $31.66.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. CSX had a return on equity of 25.48% and a net margin of 21.92%.The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The firm's quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts forecast that CSX Corporation will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.6%. CSX's payout ratio is 32.10%.

Wall Street Analysts Forecast Growth

CSX has been the subject of several research analyst reports. TD Cowen upgraded CSX from a "hold" rating to a "buy" rating and lifted their price objective for the company from $32.00 to $45.00 in a research report on Monday, July 21st. Royal Bank Of Canada reiterated a "sector perform" rating on shares of CSX in a research report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on CSX from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Robert W. Baird lifted their price objective on CSX from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Baird R W upgraded CSX to a "strong-buy" rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.00.

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.