LexAurum Advisors LLC Cuts Stake in CSX Co. (NASDAQ:CSX)

LexAurum Advisors LLC reduced its stake in shares of CSX Co. (NASDAQ:CSXFree Report) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,231 shares of the transportation company’s stock after selling 582 shares during the period. LexAurum Advisors LLC’s holdings in CSX were worth $305,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CSX. Norges Bank purchased a new position in shares of CSX during the 4th quarter worth about $757,276,000. Price T Rowe Associates Inc. MD increased its position in CSX by 18.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 64,807,961 shares of the transportation company’s stock worth $2,246,893,000 after purchasing an additional 9,914,656 shares in the last quarter. Capital International Investors increased its position in CSX by 14.3% during the 4th quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock worth $1,399,104,000 after purchasing an additional 5,041,679 shares in the last quarter. Lazard Asset Management LLC increased its position in CSX by 10.4% during the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after purchasing an additional 2,748,738 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in CSX by 43.8% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 4,752,117 shares of the transportation company’s stock worth $146,128,000 after purchasing an additional 1,446,685 shares in 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 subject of a number of research analyst reports. Royal Bank of Canada dropped their target price on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Stifel Nicolaus increased their target price on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Benchmark reissued a “buy” rating and set a $40.00 target price on shares of CSX in a research report on Thursday, April 18th. UBS Group dropped their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, Susquehanna increased their target price on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and an average price target of $37.82.

Read Our Latest Stock Analysis on CSX

CSX Stock Up 0.3 %

CSX stock opened at $33.41 on Friday. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $65.31 billion, a P/E ratio of 18.36, a PEG ratio of 1.72 and a beta of 1.19. The firm has a 50 day simple moving average of $33.61 and a 200-day simple moving average of $35.12.

CSX (NASDAQ:CSXGet Free Report) last released its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping 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 business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the company earned $0.48 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts predict that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.44%. The ex-dividend date was Friday, May 31st. CSX’s dividend payout ratio (DPR) is presently 26.37%.

CSX 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.

See Also

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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