Ameritas Investment Partners Inc. Sells 803 Shares of CSX Co. (NASDAQ:CSX)

Ameritas Investment Partners Inc. lessened its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,354 shares of the transportation company’s stock after selling 803 shares during the period. Ameritas Investment Partners Inc.’s holdings in CSX were worth $2,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Gilbert & Cook Inc. increased its holdings in CSX by 4.4% during the 4th quarter. Gilbert & Cook Inc. now owns 19,037 shares of the transportation company’s stock worth $660,000 after purchasing an additional 798 shares in the last quarter. 9258 Wealth Management LLC boosted its position in shares of CSX by 8.0% during the fourth quarter. 9258 Wealth Management LLC now owns 12,184 shares of the transportation company’s stock worth $422,000 after buying an additional 900 shares during the period. Gryphon Financial Partners LLC grew its holdings in shares of CSX by 7.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 20,416 shares of the transportation company’s stock worth $693,000 after buying an additional 1,422 shares in the last quarter. Clearbridge Investments LLC raised its position in CSX by 4.1% in the 4th quarter. Clearbridge Investments LLC now owns 64,856 shares of the transportation company’s stock valued at $2,249,000 after buying an additional 2,579 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in CSX by 18.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 634,675 shares of the transportation company’s stock valued at $22,004,000 after acquiring an additional 98,137 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $36.00 price objective on shares of CSX in a report on Tuesday, August 6th. Susquehanna boosted their price target on shares of CSX from $40.00 to $41.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Evercore ISI upgraded CSX to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $40.00 price target on shares of CSX in a research note on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.80.

CSX Stock Up 0.4 %

CSX opened at $34.93 on Friday. The stock’s fifty day simple moving average is $34.02 and its 200 day simple moving average is $34.37. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The stock has a market cap of $68.29 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. As a group, research analysts expect that CSX Co. will post 1.93 earnings per share for the current year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, August 30th. CSX’s dividend payout ratio is presently 26.37%.

CSX Company 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.