180 Wealth Advisors LLC Sells 3,785 Shares of CSX Co. (NASDAQ:CSX)

180 Wealth Advisors LLC lowered its stake in shares of CSX Co. (NASDAQ:CSXGet Rating) by 25.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,975 shares of the transportation company’s stock after selling 3,785 shares during the period. 180 Wealth Advisors LLC’s holdings in CSX were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M Holdings Securities Inc. bought a new position in CSX during the first quarter worth about $771,000. Envestnet Asset Management Inc. raised its position in shares of CSX by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 1,018,634 shares of the transportation company’s stock worth $38,148,000 after purchasing an additional 76,499 shares during the period. MBL Wealth LLC acquired a new stake in shares of CSX during the first quarter worth about $223,000. KBC Group NV raised its position in shares of CSX by 14.4% during the first quarter. KBC Group NV now owns 183,451 shares of the transportation company’s stock worth $6,870,000 after purchasing an additional 23,127 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of CSX by 2.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,858,620 shares of the transportation company’s stock worth $69,722,000 after purchasing an additional 43,570 shares during the period. Institutional investors own 73.60% of the company’s stock.

Wall Street Analyst Weigh In

CSX has been the topic of a number of research analyst reports. Stephens raised their price target on CSX from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, July 21st. Evercore ISI dropped their price target on CSX from $37.00 to $35.00 in a research report on Tuesday, July 12th. JPMorgan Chase & Co. dropped their target price on CSX from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Sanford C. Bernstein lowered CSX from an “outperform” rating to a “market perform” rating and set a $32.00 target price on the stock. in a research report on Wednesday, September 14th. Finally, Barclays lifted their target price on CSX from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, July 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.33.

CSX Stock Performance

Shares of NASDAQ CSX opened at $29.49 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.22. CSX Co. has a 12 month low of $27.59 and a 12 month high of $38.63. The stock has a 50 day moving average of $31.89 and a 200-day moving average of $32.74. The company has a market capitalization of $63.15 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.54 and a beta of 1.21.

CSX (NASDAQ:CSXGet Rating) last issued its earnings results on Wednesday, July 20th. The transportation company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. CSX had a return on equity of 29.07% and a net margin of 28.24%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the company posted $0.40 EPS. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, equities research analysts predict that CSX Co. will post 1.89 EPS for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. CSX’s dividend payout ratio is currently 22.47%.

About CSX

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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 transports chemicals, agricultural and food products, automotive, minerals, 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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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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