Raymond James Financial Services Advisors Inc. Sells 78,599 Shares of CSX Co. (NASDAQ:CSX)

Raymond James Financial Services Advisors Inc. lowered its stake in CSX Co. (NASDAQ:CSXFree Report) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 585,169 shares of the transportation company’s stock after selling 78,599 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in CSX were worth $20,288,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bornite Capital Management LP bought a new stake in shares of CSX during the 1st quarter valued at $14,980,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CSX by 6.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,158,544 shares of the transportation company’s stock valued at $230,637,000 after buying an additional 347,514 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of CSX by 12.7% during the 1st quarter. Blair William & Co. IL now owns 122,334 shares of the transportation company’s stock valued at $4,581,000 after buying an additional 13,829 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of CSX by 4.5% during the 1st quarter. Sei Investments Co. now owns 195,872 shares of the transportation company’s stock valued at $7,361,000 after buying an additional 8,488 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of CSX by 16.8% during the 1st quarter. Cetera Investment Advisers now owns 71,521 shares of the transportation company’s stock valued at $2,678,000 after buying an additional 10,276 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

CSX has been the subject of several recent analyst reports. BMO Capital Markets upped their price target on CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. StockNews.com downgraded CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Raymond James upped their price target on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Stifel Nicolaus decreased their price objective on CSX from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. decreased their price objective on CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.88.

View Our Latest Analysis on CSX

CSX Price Performance

Shares of CSX stock opened at $37.07 on Friday. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The firm has a market capitalization of $72.57 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.09 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05. The stock’s 50-day simple moving average is $36.89 and its 200-day simple moving average is $33.79.

CSX (NASDAQ:CSXGet Free Report) last released its earnings results on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. CSX had a return on equity of 30.52% and a net margin of 25.35%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year. As a group, equities analysts forecast that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.29%. CSX’s payout ratio is 26.09%.

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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