Kiley Juergens Wealth Management LLC Sells 600 Shares of CSX Corporation (NASDAQ:CSX)

Kiley Juergens Wealth Management LLC cut its stake in CSX Corporation (NASDAQ:CSX) by 5.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 10,782 shares of the transportation company’s stock after selling 600 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in CSX were worth $317,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CSX. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of CSX during the 4th quarter worth approximately $27,000. Accredited Wealth Management LLC bought a new position in shares of CSX during the 4th quarter worth approximately $29,000. Fourth Dimension Wealth LLC bought a new position in shares of CSX during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of CSX during the 4th quarter worth approximately $31,000. Finally, Sierra Ocean LLC bought a new position in shares of CSX during the 4th quarter worth approximately $33,000. 73.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CSX. Citigroup cut their price target on CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Royal Bank Of Canada cut their target price on CSX from $31.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, April 17th. Argus set a $32.00 target price on CSX in a report on Friday, April 25th. Susquehanna cut their target price on CSX from $37.00 to $35.00 and set a “positive” rating on the stock in a report on Thursday, April 17th. Finally, Stifel Nicolaus cut their target price on CSX from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, CSX has an average rating of “Moderate Buy” and an average price target of $34.14.

CSX Trading Down 1.4%

NASDAQ CSX opened at $32.12 on Wednesday. The stock has a market capitalization of $60.34 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 2.85 and a beta of 1.24. CSX Corporation has a one year low of $26.22 and a one year high of $37.10. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75. The business’s fifty day moving average is $29.92 and its 200-day moving average is $31.18.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. Equities research analysts predict that CSX Corporation will post 1.83 EPS for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, May 30th. CSX’s payout ratio is 31.14%.

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.