CSX Corporation (NASDAQ:CSX) Stock Holdings Increased by Calamos Advisors LLC

Calamos Advisors LLC raised its holdings in CSX Corporation (NASDAQ:CSX - Free Report) by 0.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,585,241 shares of the transportation company's stock after purchasing an additional 12,052 shares during the quarter. Calamos Advisors LLC owned 0.08% of CSX worth $46,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSX. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of CSX in the 4th quarter valued at $27,000. Accredited Wealth Management LLC purchased a new stake in shares of CSX in the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC purchased a new stake in shares of CSX in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new stake in CSX during the 4th quarter worth about $31,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in CSX during the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CSX. UBS Group decreased their target price on CSX from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Baird R W raised CSX to a "strong-buy" rating in a research report on Tuesday, July 1st. Wells Fargo & Company increased their price objective on CSX from $28.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Monday. Stifel Nicolaus decreased their price objective on CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Jefferies Financial Group decreased their price objective on CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $34.45.

CSX Stock Down 1.6%

Shares of CSX traded down $0.55 during midday trading on Monday, reaching $33.05. 11,868,762 shares of the company were exchanged, compared to its average volume of 13,312,701. CSX Corporation has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a market cap of $62.09 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 2.94 and a beta of 1.23. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. The stock has a 50-day moving average price of $31.20 and a 200-day moving average price of $31.05.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 26.42% and a net margin of 22.66%. The business had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. Research analysts expect that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, May 30th. CSX's payout ratio is 31.14%.

CSX 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.