Larson Financial Group LLC Sells 391 Shares of CSX Co. (NASDAQ:CSX)

Larson Financial Group LLC decreased its stake in shares of CSX Co. (NASDAQ:CSXFree Report) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,443 shares of the transportation company’s stock after selling 391 shares during the period. Larson Financial Group LLC’s holdings in CSX were worth $189,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in CSX during the 4th quarter valued at about $27,000. Life Planning Partners Inc purchased a new position in CSX during the 4th quarter valued at about $27,000. Venturi Wealth Management LLC lifted its position in CSX by 228.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 692 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in CSX during the 4th quarter valued at about $34,000. Finally, Avion Wealth lifted its position in CSX by 450.5% during the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 820 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 3.0 %

Shares of CSX stock opened at $33.67 on Thursday. The company has a market cap of $65.82 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18. The company’s 50 day moving average is $36.73 and its 200 day moving average is $34.45. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSXGet Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. Research analysts anticipate that CSX Co. will post 1.95 EPS for the current year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. CSX’s dividend payout ratio is 26.37%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CSX shares. StockNews.com cut shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Jefferies Financial Group decreased their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of CSX in a report on Thursday, April 18th. TD Cowen lifted their target price on shares of CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Susquehanna lifted their target price on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $38.00.

Get Our Latest Research Report on CSX

CSX Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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