B. Riley Wealth Advisors Inc. Cuts Stock Holdings in CSX Co. (NASDAQ:CSX)

B. Riley Wealth Advisors Inc. cut its stake in CSX Co. (NASDAQ:CSX - Free Report) by 15.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,066 shares of the transportation company's stock after selling 17,150 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in CSX were worth $3,100,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CSX. Wellington Management Group LLP grew its stake in CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after buying an additional 15,029 shares during the last quarter. Marshall Financial Group LLC purchased a new position in CSX during the 4th quarter worth $1,084,000. Waycross Partners LLC grew its stake in CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock worth $19,990,000 after buying an additional 40,611 shares during the last quarter. Verde Servicos Internacionais S.A. grew its stake in CSX by 38.4% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 426,348 shares of the transportation company's stock worth $13,758,000 after buying an additional 118,355 shares during the last quarter. Finally, Glassy Mountain Advisors Inc. grew its stake in CSX by 2.4% during the 4th quarter. Glassy Mountain Advisors Inc. now owns 112,770 shares of the transportation company's stock worth $3,639,000 after buying an additional 2,641 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Price Performance

NASDAQ CSX traded up $0.08 during trading hours on Friday, reaching $31.50. The company's stock had a trading volume of 22,997,462 shares, compared to its average volume of 12,977,598. The firm has a market capitalization of $59.17 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.92 and a beta of 1.22. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company's 50-day moving average is $29.06 and its two-hundred day moving average is $31.48.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The firm had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. On average, equities analysts predict that CSX Co. will post 1.83 EPS for the current year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.65%. CSX's dividend payout ratio (DPR) is currently 31.14%.

Wall Street Analyst Weigh In

CSX has been the subject of a number of research reports. Royal Bank of Canada lowered their price target on CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Barclays lowered their price target on CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Susquehanna lowered their price target on CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Citigroup lowered their price target on CSX from $39.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America lifted their price target on CSX from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.90.

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.