CSX Co. (NASDAQ:CSX) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its position in CSX Co. (NASDAQ:CSX) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,598 shares of the transportation company’s stock after selling 16,965 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CSX were worth $5,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Western Wealth Management LLC grew its stake in CSX by 0.8% during the 2nd quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company’s stock valued at $1,208,000 after acquiring an additional 295 shares in the last quarter. TriaGen Wealth Management LLC lifted its position in CSX by 2.7% during the second quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company’s stock worth $385,000 after buying an additional 300 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in CSX by 0.3% in the 1st quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock valued at $3,839,000 after buying an additional 303 shares in the last quarter. Team Hewins LLC increased its stake in shares of CSX by 1.7% in the 1st quarter. Team Hewins LLC now owns 18,778 shares of the transportation company’s stock worth $696,000 after acquiring an additional 306 shares during the last quarter. Finally, Zions Bancorporation N.A. boosted its position in shares of CSX by 4.8% during the 2nd quarter. Zions Bancorporation N.A. now owns 6,985 shares of the transportation company’s stock valued at $234,000 after acquiring an additional 322 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of analyst reports. Bank of America downgraded shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Monday, July 8th. Sanford C. Bernstein lifted their price target on shares of CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Wells Fargo & Company assumed coverage on CSX in a report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price objective on the stock. BMO Capital Markets reissued an “outperform” rating and set a $40.00 target price on shares of CSX in a research note on Tuesday, August 6th. Finally, Susquehanna lifted their target price on CSX from $40.00 to $41.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, CSX currently has an average rating of “Moderate Buy” and an average target price of $38.80.

CSX Stock Down 0.1 %

Shares of CSX opened at $34.05 on Thursday. The company’s 50-day simple moving average is $33.98 and its 200-day simple moving average is $34.41. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. The stock has a market capitalization of $66.57 billion, a PE ratio of 18.71, a P/E/G ratio of 1.77 and a beta of 1.19.

CSX (NASDAQ:CSX) last released its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. Analysts forecast that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.12 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

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.