CSX Co. (NASDAQ:CSX) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its position in CSX Co. (NASDAQ:CSX) by 3.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,304,312 shares of the transportation company’s stock after selling 73,319 shares during the quarter. Calamos Advisors LLC’s holdings in CSX were worth $79,890,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Xponance Inc. boosted its holdings in CSX by 2.2% in the 4th quarter. Xponance Inc. now owns 274,065 shares of the transportation company’s stock worth $9,502,000 after buying an additional 5,920 shares during the last quarter. AIA Group Ltd boosted its holdings in shares of CSX by 46.1% during the 4th quarter. AIA Group Ltd now owns 10,573 shares of the transportation company’s stock worth $367,000 after purchasing an additional 3,336 shares during the last quarter. Tranquility Partners LLC boosted its holdings in shares of CSX by 40.5% during the 4th quarter. Tranquility Partners LLC now owns 11,961 shares of the transportation company’s stock worth $415,000 after purchasing an additional 3,449 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of CSX by 11.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 321,912 shares of the transportation company’s stock worth $11,161,000 after purchasing an additional 32,221 shares during the last quarter. Finally, Sfmg LLC boosted its holdings in shares of CSX by 1.0% during the 4th quarter. Sfmg LLC now owns 296,757 shares of the transportation company’s stock worth $10,289,000 after purchasing an additional 2,874 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSX. Stifel Nicolaus boosted their target price on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of CSX in a research report on Thursday. Bank of America reduced their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada reduced their price target on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, UBS Group reduced their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.72.

CSX Stock Up 0.7 %

Shares of CSX stock traded up $0.23 on Thursday, reaching $34.39. 25,705,972 shares of the stock were exchanged, compared to its average volume of 12,095,874. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The business’s 50 day moving average price is $36.98 and its 200 day moving average price is $34.32. The company has a market capitalization of $67.32 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.01 and a beta of 1.18. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that CSX Co. will post 1.97 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.12 per share. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.40%. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio is currently 26.09%.

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.