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

Atria Investments Inc decreased its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 36.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,618 shares of the transportation company's stock after selling 39,575 shares during the period. Atria Investments Inc's holdings in CSX were worth $2,369,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CSX. Itau Unibanco Holding S.A. acquired a new stake in shares of CSX during the second quarter worth $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of CSX in the second quarter valued at $27,000. Morton Brown Family Wealth LLC acquired a new stake in CSX during the 3rd quarter worth about $31,000. Fairscale Capital LLC purchased a new stake in shares of CSX in the second quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of CSX in the second quarter worth $33,000. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on CSX shares. Royal Bank of Canada lowered their target price on CSX from $36.00 to $35.00 and set a "sector perform" rating on the stock in a report on Thursday, October 17th. Susquehanna dropped their price objective on shares of CSX from $42.00 to $40.00 and set a "positive" rating for the company in a report on Thursday, October 17th. BMO Capital Markets decreased their price target on CSX from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Thursday, October 17th. Citigroup raised their target price on CSX from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Evercore ISI decreased their price objective on shares of CSX from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.78.

CSX Price Performance

Shares of CSX traded down $0.50 during trading hours on Friday, hitting $35.13. 3,451,059 shares of the company were exchanged, compared to its average volume of 11,701,958. The company has a market cap of $67.75 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 2.32 and a beta of 1.19. The firm's fifty day moving average is $34.29 and its 200 day moving average is $33.88. CSX Co. has a fifty-two week low of $30.86 and a fifty-two week high of $40.12. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

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

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given 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 yield of 1.37%. CSX's dividend payout ratio is presently 25.81%.

About CSX

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.