Mycio Wealth Partners LLC decreased its position in shares of CSX Co. (NASDAQ:CSX) by 2.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 8,935 shares of the transportation company’s stock after selling 200 shares during the period. Mycio Wealth Partners LLC’s holdings in CSX were worth $669,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hilltop Holdings Inc. lifted its stake in CSX by 1.7% in the 4th quarter. Hilltop Holdings Inc. now owns 8,866 shares of the transportation company’s stock worth $551,000 after purchasing an additional 149 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in CSX by 4.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,023 shares of the transportation company’s stock worth $250,000 after purchasing an additional 153 shares in the last quarter. Wetherby Asset Management Inc. lifted its stake in CSX by 0.6% in the 4th quarter. Wetherby Asset Management Inc. now owns 26,429 shares of the transportation company’s stock worth $1,642,000 after purchasing an additional 158 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in CSX by 3.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,561 shares of the transportation company’s stock worth $284,000 after purchasing an additional 164 shares in the last quarter. Finally, Bremer Trust National Association lifted its stake in CSX by 5.1% in the 4th quarter. Bremer Trust National Association now owns 3,609 shares of the transportation company’s stock worth $224,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 77.36% of the company’s stock.
NASDAQ:CSX traded up $0.03 during mid-day trading on Friday, hitting $78.97. 4,611,987 shares of the stock traded hands, compared to its average volume of 5,020,093. The company has a market capitalization of $61.66 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.34 and a beta of 1.29. CSX Co. has a 52 week low of $57.97 and a 52 week high of $80.51. The company has a current ratio of 1.34, a quick ratio of 1.20 and a debt-to-equity ratio of 1.17.
CSX (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. CSX had a net margin of 27.01% and a return on equity of 24.18%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. As a group, equities analysts forecast that CSX Co. will post 4.23 EPS for the current fiscal year.
CSX declared that its Board of Directors has approved a share buyback program on Wednesday, January 16th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 9.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
CSX has been the topic of several research analyst reports. Loop Capital boosted their price target on shares of CSX to $87.00 and gave the stock a “buy” rating in a research note on Thursday, January 17th. Zacks Investment Research cut shares of CSX from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Argus restated a “buy” rating and set a $71.00 target price on shares of CSX in a research report on Friday, January 18th. Wolfe Research cut shares of CSX from an “outperform” rating to a “market perform” rating in a research report on Friday, January 4th. Finally, Atlantic Securities started coverage on shares of CSX in a research report on Tuesday, January 8th. They set an “overweight” rating and a $62.45 target price on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $78.23.
In related news, Director Ridge Lp Mantle sold 1,930,318 shares of the company’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $65.01, for a total transaction of $125,489,973.18. Following the transaction, the director now directly owns 106 shares in the company, valued at approximately $6,891.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.83% of the company’s stock.
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CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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