My Legacy Advisors LLC Decreases Stock Holdings in CSX Co. (NASDAQ:CSX)

My Legacy Advisors LLC cut its position in shares of CSX Co. (NASDAQ:CSX) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,145 shares of the transportation company’s stock after selling 1,728 shares during the quarter. My Legacy Advisors LLC’s holdings in CSX were worth $523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RFG Advisory LLC grew its holdings in CSX by 6.3% during the 1st quarter. RFG Advisory LLC now owns 19,887 shares of the transportation company’s stock valued at $737,000 after buying an additional 1,177 shares in the last quarter. Austin Private Wealth LLC increased its holdings in CSX by 6.5% in the first quarter. Austin Private Wealth LLC now owns 10,553 shares of the transportation company’s stock valued at $384,000 after buying an additional 645 shares in the last quarter. Riverview Trust Co acquired a new position in shares of CSX during the 1st quarter worth approximately $86,000. Dynamic Advisor Solutions LLC increased its stake in CSX by 10.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 35,503 shares of the transportation company’s stock worth $1,316,000 after buying an additional 3,257 shares in the last quarter. Finally, Wallace Advisory Group LLC acquired a new position in CSX during the first quarter worth about $240,000. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CSX. Stifel Nicolaus dropped their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Stephens cut their price target on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Evercore ISI lowered their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Bank of America downgraded CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Monday, July 8th. Finally, Royal Bank of Canada decreased their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.61.

CSX Trading Down 0.1 %

CSX traded down $0.03 during trading on Tuesday, reaching $33.63. 3,577,030 shares of the company’s stock were exchanged, compared to its average volume of 11,583,791. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $65.74 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. The firm has a fifty day moving average price of $34.03 and a two-hundred day moving average price of $33.92.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 29.11% and a net margin of 24.52%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the business posted $0.42 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. CSX’s dividend payout ratio is currently 26.37%.

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.