CSX Co. (NASDAQ:CSX) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its stake in CSX Co. (NASDAQ:CSX - Free Report) by 96.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the transportation company's stock after selling 202,280 shares during the period. Entropy Technologies LP's holdings in CSX were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Versor Investments LP raised its holdings in shares of CSX by 30.8% in the third quarter. Versor Investments LP now owns 21,472 shares of the transportation company's stock valued at $741,000 after acquiring an additional 5,054 shares in the last quarter. Addison Advisors LLC increased its position in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock valued at $36,000 after purchasing an additional 812 shares during the period. Kennebec Savings Bank bought a new stake in shares of CSX in the 3rd quarter valued at about $67,000. Ashton Thomas Securities LLC purchased a new stake in shares of CSX in the 3rd quarter worth approximately $83,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of CSX by 346.0% during the third quarter. Los Angeles Capital Management LLC now owns 43,802 shares of the transportation company's stock valued at $1,512,000 after purchasing an additional 33,980 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CSX shares. 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. Citigroup upped their price objective on CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Wells Fargo & Company cut 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. JPMorgan Chase & Co. increased their price target on shares of CSX from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Tuesday, August 6th. Finally, Stephens cut their price objective on shares of CSX from $41.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, October 17th. Seven equities 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, CSX currently has a consensus rating of "Moderate Buy" and an average target price of $38.78.

CSX Trading Down 1.4 %

Shares of NASDAQ:CSX traded down $0.50 during mid-day trading on Friday, reaching $35.13. 10,597,925 shares of the company were exchanged, compared to its average volume of 13,312,988. The firm's 50-day simple moving average is $34.32 and its 200 day simple moving average is $33.90. CSX Co. has a 1 year low of $30.86 and a 1 year high of $40.12. The firm has a market cap of $67.75 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.23 and a beta of 1.19. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

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

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. CSX's dividend payout ratio (DPR) is presently 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.