Ascent Group LLC Sells 14,533 Shares of CSX Co. (NASDAQ:CSX)

Ascent Group LLC lowered its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 19.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,652 shares of the transportation company's stock after selling 14,533 shares during the quarter. Ascent Group LLC's holdings in CSX were worth $2,094,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CSX during the second quarter valued at about $75,000. Mather Group LLC. lifted its position in shares of CSX by 13.4% during the second quarter. Mather Group LLC. now owns 10,048 shares of the transportation company's stock worth $372,000 after acquiring an additional 1,191 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of CSX by 23.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 16,795 shares of the transportation company's stock worth $562,000 after acquiring an additional 3,191 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of CSX by 13.2% in the second quarter. Park Avenue Securities LLC now owns 86,355 shares of the transportation company's stock worth $2,889,000 after acquiring an additional 10,099 shares during the period. Finally, CWM LLC grew its position in shares of CSX by 2.4% in the second quarter. CWM LLC now owns 97,267 shares of the transportation company's stock valued at $3,254,000 after purchasing an additional 2,313 shares in the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Trading Down 1.0 %

NASDAQ:CSX traded down $0.36 during midday trading on Tuesday, reaching $35.98. 3,286,442 shares of the stock traded hands, compared to its average volume of 11,605,678. The stock has a market capitalization of $69.38 billion, a P/E ratio of 19.54, a PEG ratio of 2.32 and a beta of 1.20. 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 company has a fifty day moving average of $34.70 and a 200 day moving average of $34.03. CSX Co. has a 12 month low of $31.74 and a 12 month high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business's revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share. On average, research analysts predict that CSX Co. will post 1.84 EPS for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.33%. CSX's dividend payout ratio (DPR) is presently 25.81%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays raised their target price on CSX from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. TD Cowen reduced their price objective on shares of CSX from $36.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, October 17th. Benchmark reiterated a "buy" rating and issued a $40.00 target price on shares of CSX in a research note on Wednesday, August 7th. Evercore ISI dropped their price objective on CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Finally, Wells Fargo & Company decreased their target price on CSX from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and a consensus price target of $38.78.

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.