Prime Capital Investment Advisors LLC Has $2.51 Million Holdings in CSX Co. (NASDAQ:CSX)

Prime Capital Investment Advisors LLC decreased its position in shares of CSX Co. (NASDAQ:CSX) by 21.0% in the third quarter, Holdings Channel reports. The fund owned 72,543 shares of the transportation company’s stock after selling 19,313 shares during the period. Prime Capital Investment Advisors LLC’s holdings in CSX were worth $2,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSX. Sei Investments Co. lifted its position in CSX by 4.2% during the 1st quarter. Sei Investments Co. now owns 597,426 shares of the transportation company’s stock worth $22,146,000 after acquiring an additional 23,938 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in CSX by 2.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 313,381 shares of the transportation company’s stock worth $11,617,000 after acquiring an additional 7,802 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in CSX by 26.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 19,834 shares of the transportation company’s stock worth $735,000 after acquiring an additional 4,166 shares during the last quarter. Beacon Investment Advisory Services Inc. acquired a new position in CSX during the 1st quarter worth $348,000. Finally, Kingsview Wealth Management LLC lifted its position in CSX by 4.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 50,619 shares of the transportation company’s stock worth $1,876,000 after acquiring an additional 2,342 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

NASDAQ CSX opened at $36.48 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The stock has a market cap of $70.35 billion, a P/E ratio of 19.61, a PEG ratio of 2.29 and a beta of 1.19. CSX Co. has a twelve month low of $30.86 and a twelve month high of $40.12. The company’s 50-day simple moving average is $34.22 and its 200 day simple moving average is $33.85.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. CSX’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 earnings per share. As a group, research analysts forecast that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.32%. CSX’s dividend payout ratio is 25.81%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CSX shares. BMO Capital Markets cut their target price on shares of CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Evercore ISI cut their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Stifel Nicolaus cut their price objective 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 objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Wells Fargo & Company cut their price objective on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus price target of $38.78.

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.