Atria Wealth Solutions Inc. Sells 27,081 Shares of CSX Corporation (NASDAQ:CSX)

Atria Wealth Solutions Inc. decreased its holdings in CSX Corporation (NASDAQ:CSX - Free Report) by 35.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,598 shares of the transportation company's stock after selling 27,081 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in CSX were worth $1,430,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CSX. New Age Alpha Advisors LLC raised its holdings in CSX by 33,664.1% during the first quarter. New Age Alpha Advisors LLC now owns 86,436 shares of the transportation company's stock worth $2,544,000 after purchasing an additional 86,180 shares in the last quarter. Factorial Partners LLC raised its stake in CSX by 17.1% in the 1st quarter. Factorial Partners LLC now owns 116,500 shares of the transportation company's stock valued at $3,429,000 after purchasing an additional 17,000 shares during the last quarter. ING Groep NV raised its stake in CSX by 50.7% in the 1st quarter. ING Groep NV now owns 190,764 shares of the transportation company's stock valued at $5,614,000 after purchasing an additional 64,152 shares during the last quarter. Raiffeisen Bank International AG raised its stake in CSX by 12.6% in the 1st quarter. Raiffeisen Bank International AG now owns 19,608 shares of the transportation company's stock valued at $571,000 after purchasing an additional 2,196 shares during the last quarter. Finally, Smithfield Trust Co increased its stake in shares of CSX by 1.3% during the 1st quarter. Smithfield Trust Co now owns 40,746 shares of the transportation company's stock valued at $1,202,000 after acquiring an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Stock Down 0.2%

NASDAQ CSX traded down $0.09 during trading on Friday, reaching $36.27. 4,194,286 shares of the company's stock were exchanged, compared to its average volume of 16,003,844. CSX Corporation has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The firm has a market capitalization of $67.61 billion, a PE ratio of 22.41, a P/E/G ratio of 2.69 and a beta of 1.25. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The company's fifty day simple moving average is $33.90 and its 200-day simple moving average is $31.54.

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

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. CSX's payout ratio is currently 32.10%.

Analysts Set New Price Targets

CSX has been the subject of a number of analyst reports. Royal Bank Of Canada restated a "sector perform" rating on shares of CSX in a report on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on CSX from $34.00 to $41.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Barclays raised their price objective on CSX from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. TD Cowen raised CSX from a "hold" rating to a "buy" rating and increased their target price for the stock from $32.00 to $45.00 in a research report on Monday, July 21st. Finally, Argus set a $32.00 target price on CSX in a research report on Friday, April 25th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CSX has an average rating of "Moderate Buy" and a consensus target price 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.