Avior Wealth Management LLC trimmed its stake in CSX Corporation (NASDAQ:CSX - Free Report) by 68.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,778 shares of the transportation company's stock after selling 8,210 shares during the period. Avior Wealth Management LLC's holdings in CSX were worth $111,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of CSX in the fourth quarter worth approximately $27,000. Accredited Wealth Management LLC bought a new position in CSX during the fourth quarter valued at approximately $29,000. Fourth Dimension Wealth LLC purchased a new position in shares of CSX during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of CSX during the fourth quarter worth approximately $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of CSX by 219.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company's stock worth $34,000 after acquiring an additional 714 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.
CSX Trading Up 0.2%
NASDAQ:CSX traded up $0.06 during trading hours on Tuesday, hitting $32.48. The company had a trading volume of 12,871,257 shares, compared to its average volume of 13,308,276. The company has a market capitalization of $61.02 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.84 and a beta of 1.24. The stock has a 50-day moving average price of $30.34 and a 200 day moving average price of $31.07. CSX Corporation has a 52 week low of $26.22 and a 52 week high of $37.10. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75.
CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a net margin of 22.66% and a return on equity of 26.42%. On average, equities research analysts predict that CSX Corporation will post 1.83 EPS for the current fiscal year.
CSX Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, May 30th. CSX's dividend payout ratio (DPR) is currently 31.14%.
Analyst Upgrades and Downgrades
Several research analysts have commented on CSX shares. Raymond James Financial reissued an "outperform" rating and set a $33.00 price target (down from $34.00) on shares of CSX in a research note on Thursday, April 17th. Benchmark reissued a "buy" rating and set a $35.00 price target on shares of CSX in a research note on Thursday, April 17th. Barclays decreased their price target on shares of CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group reissued a "neutral" rating and set a $35.00 price target on shares of CSX in a research note on Monday, June 2nd. Finally, Jefferies Financial Group decreased their price target on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Nine investment 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.14.
Read Our Latest Analysis on CSX
CSX Company Profile
(
Free Report)
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.
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