CSX Corporation (NASDAQ:CSX) Shares Sold by XML Financial LLC

XML Financial LLC reduced its position in shares of CSX Corporation (NASDAQ:CSX) by 5.7% during the first quarter, Holdings Channel.com reports. The fund owned 22,351 shares of the transportation company’s stock after selling 1,352 shares during the quarter. XML Financial LLC’s holdings in CSX were worth $658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of CSX in the fourth quarter valued at $27,000. Accredited Wealth Management LLC acquired a new position in shares of CSX in the 4th quarter worth $29,000. Fourth Dimension Wealth LLC acquired a new stake in shares of CSX during the fourth quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of CSX during the fourth quarter worth $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of CSX by 219.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 714 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSX has been the topic of several analyst reports. Barclays dropped their target price on shares of CSX from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Argus set a $32.00 price target on CSX in a report on Friday, April 25th. Benchmark reissued a “buy” rating and issued a $35.00 price objective on shares of CSX in a research note on Thursday, April 17th. Stifel Nicolaus decreased their price objective on CSX from $37.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, UBS Group dropped their target price on CSX from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.14.

CSX Price Performance

NASDAQ CSX opened at $32.42 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $60.90 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.81 and a beta of 1.24. CSX Corporation has a 12-month low of $26.22 and a 12-month high of $37.10. The company has a 50 day moving average price of $30.24 and a two-hundred day moving average price of $31.06.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share 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 net margin of 22.66% and a return on equity of 26.42%. As a group, equities analysts predict that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.60%. CSX’s dividend payout ratio is currently 31.14%.

CSX 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.