CSX Co. (NASDAQ:CSX) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its position in shares of CSX Co. (NASDAQ:CSX) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 87,117 shares of the transportation company’s stock after acquiring an additional 1,341 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in CSX were worth $3,020,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Lake Street Financial LLC raised its holdings in shares of CSX by 5.0% during the third quarter. Lake Street Financial LLC now owns 10,678 shares of the transportation company’s stock worth $326,000 after purchasing an additional 512 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of CSX by 7.6% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 101,711 shares of the transportation company’s stock valued at $3,128,000 after buying an additional 7,190 shares during the period. ST Germain D J Co. Inc. boosted its stake in shares of CSX by 4.9% in the third quarter. ST Germain D J Co. Inc. now owns 12,896 shares of the transportation company’s stock worth $397,000 after buying an additional 600 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in CSX by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 889,160 shares of the transportation company’s stock worth $27,342,000 after acquiring an additional 11,723 shares during the period. Finally, Xponance Inc. raised its position in CSX by 0.9% during the third quarter. Xponance Inc. now owns 268,145 shares of the transportation company’s stock valued at $8,245,000 after acquiring an additional 2,482 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.1 %

NASDAQ CSX opened at $33.99 on Monday. The business has a fifty day moving average price of $36.61 and a 200 day moving average price of $34.51. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The company has a market cap of $66.45 billion, a P/E ratio of 18.68, a P/E/G ratio of 2.04 and a beta of 1.18. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. Research analysts anticipate that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. 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 26.37%.

Analyst Upgrades and Downgrades

CSX has been the topic of several recent research reports. Bank of America lowered their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Stifel Nicolaus increased their price target on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Jefferies Financial Group dropped their price target on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. BMO Capital Markets upped their price objective on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Susquehanna raised their target price on CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research report on Thursday, March 28th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.00.

CSX Company Profile

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.