First Horizon Advisors Inc. reduced its position in CSX Corporation (NASDAQ:CSX - Free Report) by 50.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,015 shares of the transportation company's stock after selling 8,269 shares during the period. First Horizon Advisors Inc.'s holdings in CSX were worth $236,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CSX. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of CSX during the fourth quarter worth about $27,000. Accredited Wealth Management LLC acquired a new stake in CSX during the 4th quarter worth approximately $29,000. Fourth Dimension Wealth LLC acquired a new position in shares of CSX in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of CSX during the fourth quarter worth approximately $31,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of CSX during the first quarter worth $30,000. 73.57% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CSX. Citigroup dropped their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Susquehanna reiterated a "neutral" rating and set a $35.00 price target on shares of CSX in a research note on Tuesday, June 24th. UBS Group cut their price target on shares of CSX from $36.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Argus set a $32.00 target price on CSX in a research report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.14.
Check Out Our Latest Analysis on CSX
CSX Trading Down 0.5%
Shares of CSX stock traded down $0.17 during trading hours on Monday, reaching $33.43. The stock had a trading volume of 966,634 shares, compared to its average volume of 15,190,982. CSX Corporation has a 1 year low of $26.22 and a 1 year high of $37.10. The firm has a 50 day simple moving average of $31.20 and a two-hundred day simple moving average of $31.05. 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 firm has a market capitalization of $62.81 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.94 and a beta of 1.23.
CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. CSX had a net margin of 22.66% and a return on equity of 26.42%. As a group, equities research analysts anticipate that CSX Corporation will post 1.83 earnings per share for the current year.
CSX Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.56%. CSX's dividend payout ratio (DPR) is 31.14%.
CSX 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.
See Also
Before you consider CSX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSX wasn't on the list.
While CSX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
