CSX Corporation (NASDAQ:CSX) Holdings Decreased by Callan Family Office LLC

Callan Family Office LLC trimmed its position in CSX Corporation (NASDAQ:CSX - Free Report) by 44.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,379 shares of the transportation company's stock after selling 11,635 shares during the quarter. Callan Family Office LLC's holdings in CSX were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CSX. Brighton Jones LLC increased its holdings in shares of CSX by 5.5% in the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock valued at $525,000 after acquiring an additional 849 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in shares of CSX by 6.6% in the 4th quarter. Belpointe Asset Management LLC now owns 7,437 shares of the transportation company's stock valued at $255,000 after acquiring an additional 463 shares during the last quarter. NFJ Investment Group LLC increased its holdings in shares of CSX by 480.6% in the 4th quarter. NFJ Investment Group LLC now owns 40,857 shares of the transportation company's stock valued at $1,318,000 after acquiring an additional 33,820 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of CSX by 37.3% in the 4th quarter. NewEdge Advisors LLC now owns 99,922 shares of the transportation company's stock valued at $3,224,000 after acquiring an additional 27,162 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of CSX by 11.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 3,487,409 shares of the transportation company's stock valued at $112,539,000 after acquiring an additional 366,419 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Trading Up 0.7%

Shares of CSX stock opened at $36.35 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.50. The firm has a market cap of $67.77 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. The business has a fifty day simple moving average of $33.90 and a 200-day simple moving average of $31.54. CSX Corporation has a fifty-two week low of $26.22 and a fifty-two week high of $37.10.

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

CSX Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CSX. UBS Group lowered their price objective on CSX from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Evercore ISI lowered their price objective on CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Barclays upped 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. Argus set a $32.00 price objective on CSX in a research note on Friday, April 25th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $36.00 price objective (up from $33.00) on shares of CSX in a research note on Tuesday, July 8th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $37.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.