CSX Co. (NASDAQ:CSX) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lessened its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,304,312 shares of the transportation company's stock after selling 73,319 shares during the period. Calamos Advisors LLC owned 0.12% of CSX worth $79,890,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CSX. Fortitude Family Office LLC purchased a new stake in CSX during the 4th quarter worth about $27,000. Life Planning Partners Inc purchased a new stake in CSX during the 4th quarter worth about $27,000. Fortis Capital Advisors LLC purchased a new stake in CSX during the 4th quarter worth about $27,000. Venturi Wealth Management LLC lifted its holdings in CSX by 228.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company's stock worth $31,000 after purchasing an additional 692 shares in the last quarter. Finally, Janiczek Wealth Management LLC lifted its holdings in CSX by 897.2% during the 3rd quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company's stock worth $33,000 after purchasing an additional 960 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CSX. TD Cowen increased their price objective on CSX from $32.00 to $36.00 and gave the stock a "market perform" rating in a report on Thursday, January 25th. UBS Group lowered their price target on CSX from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Thursday. Raymond James raised their price target on CSX from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Tuesday, January 16th. Bank of America lowered their price target on CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday. Finally, BMO Capital Markets raised their price target on CSX from $37.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, CSX has a consensus rating of "Moderate Buy" and an average target price of $37.72.

CSX Trading Up 0.7 %

CSX traded up $0.23 on Thursday, hitting $34.39. 25,706,975 shares of the company were exchanged, compared to its average volume of 12,106,769. The firm has a fifty day simple moving average of $36.93 and a two-hundred day simple moving average of $34.32. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The stock has a market capitalization of $67.32 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 30.52% and a net margin of 25.35%. CSX's revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. Sell-side analysts expect that CSX Co. will post 1.97 earnings per share for the current year.

CSX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.11. CSX's dividend payout ratio (DPR) is presently 26.09%.

About CSX

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.