Atria Investments Inc Has $2.37 Million Stake in CSX Co. (NASDAQ:CSX)

Atria Investments Inc cut its position in shares of CSX Co. (NASDAQ:CSX) by 36.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,618 shares of the transportation company’s stock after selling 39,575 shares during the quarter. Atria Investments Inc’s holdings in CSX were worth $2,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in CSX during the 2nd quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new position in CSX during the second quarter valued at approximately $27,000. Morton Brown Family Wealth LLC bought a new position in CSX in the third quarter valued at approximately $31,000. Fairscale Capital LLC acquired a new position in shares of CSX during the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of CSX during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CSX shares. Loop Capital decreased their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. BMO Capital Markets lowered their price objective on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. TD Cowen dropped their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada reduced their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their price objective on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

CSX Trading Down 2.3 %

Shares of CSX stock opened at $35.63 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The firm has a 50-day moving average of $34.26 and a 200-day moving average of $33.87. CSX Co. has a 52-week low of $30.86 and a 52-week high of $40.12. The stock has a market cap of $68.71 billion, a PE ratio of 19.61, a PEG ratio of 2.29 and a beta of 1.19.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that CSX Co. will post 1.84 EPS for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio (DPR) is currently 25.81%.

CSX 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.