Envestnet Asset Management Inc. decreased its stake in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,077,859 shares of the transportation company's stock after selling 26,767 shares during the quarter. Envestnet Asset Management Inc. owned about 0.16% of CSX worth $90,581,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of CSX. Brighton Jones LLC grew its position in 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 purchasing an additional 849 shares during the period. SBI Securities Co. Ltd. acquired a new stake in CSX in the 4th quarter valued at $31,000. Proficio Capital Partners LLC grew its position in CSX by 20.9% in the 4th quarter. Proficio Capital Partners LLC now owns 18,257 shares of the transportation company's stock valued at $589,000 after purchasing an additional 3,159 shares during the period. Sage Mountain Advisors LLC grew its position in CSX by 52.2% in the 4th quarter. Sage Mountain Advisors LLC now owns 10,466 shares of the transportation company's stock valued at $338,000 after purchasing an additional 3,590 shares during the period. Finally, Moors & Cabot Inc. grew its position in CSX by 0.6% in the 4th quarter. Moors & Cabot Inc. now owns 74,115 shares of the transportation company's stock valued at $2,392,000 after purchasing an additional 472 shares during the period. Institutional investors and hedge funds own 73.57% of the company's stock.
Analyst Ratings Changes
CSX has been the topic of a number of analyst reports. Royal Bank Of Canada cut their price objective on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $35.00 price objective on shares of CSX in a report on Monday, June 2nd. Stifel Nicolaus cut their price objective on shares of CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. lifted their price objective on shares of CSX from $31.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Baird R W raised shares of CSX to a "strong-buy" rating in a report on Tuesday, July 1st. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CSX has a consensus rating of "Moderate Buy" and an average price target of $34.64.
Get Our Latest Research Report on CSX
CSX Price Performance
Shares of NASDAQ CSX traded down $0.12 during midday trading on Monday, hitting $33.98. 15,301,149 shares of the company's stock were exchanged, compared to its average volume of 13,411,417. CSX Corporation has a 12-month low of $26.22 and a 12-month high of $37.10. 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 company has a market cap of $63.83 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 3.05 and a beta of 1.23. The business's fifty day moving average price is $31.73 and its two-hundred day moving average price is $31.09.
CSX (NASDAQ:CSX - Get Free Report) last issued 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 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. As a group, research analysts forecast that CSX Corporation will post 1.83 EPS for the current fiscal year.
CSX Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, May 30th. CSX's dividend payout ratio is currently 31.14%.
CSX Profile
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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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