Patriot Financial Group Insurance Agency LLC Sells 5,230 Shares of CSX Co. (NASDAQ:CSX)

Patriot Financial Group Insurance Agency LLC lowered its stake in shares of CSX Co. (NASDAQ:CSXFree Report) by 29.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,368 shares of the transportation company’s stock after selling 5,230 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in CSX were worth $429,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CSX. Soroban Capital Partners LP grew its position in CSX by 0.8% in the 4th quarter. Soroban Capital Partners LP now owns 58,100,864 shares of the transportation company’s stock valued at $1,799,965,000 after acquiring an additional 470,000 shares during the last quarter. Geode Capital Management LLC grew its position in CSX by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 39,236,265 shares of the transportation company’s stock valued at $1,172,727,000 after acquiring an additional 690,267 shares during the last quarter. Lazard Asset Management LLC grew its position in CSX by 10.4% in the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock valued at $897,624,000 after acquiring an additional 2,748,738 shares during the last quarter. Morgan Stanley grew its position in CSX by 3.1% in the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after acquiring an additional 739,411 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in CSX by 101,926.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,323,241 shares of the transportation company’s stock valued at $722,554,000 after acquiring an additional 23,300,381 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

CSX has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price objective on CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price target on shares of CSX in a research report on Thursday, January 25th. StockNews.com cut CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Stifel Nicolaus decreased their price objective on CSX from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, BMO Capital Markets increased their price target on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and a consensus target price of $36.88.

Get Our Latest Stock Analysis on CSX

CSX Stock Up 0.6 %

Shares of CSX stock opened at $37.07 on Friday. The firm has a market capitalization of $72.57 billion, a PE ratio of 20.15, a P/E/G ratio of 2.15 and a beta of 1.18. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The stock’s 50-day simple moving average is $36.99 and its 200-day simple moving average is $33.86. 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 (NASDAQ:CSXGet Free Report) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.63 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 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Equities analysts expect that CSX Co. will post 1.96 earnings per share for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.29%. This is a positive change from CSX’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio (DPR) is 26.09%.

CSX Company 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

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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