CSX Co. (NASDAQ:CSX) Holdings Raised by EP Wealth Advisors LLC

EP Wealth Advisors LLC lifted its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 167.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,036 shares of the transportation company's stock after acquiring an additional 77,663 shares during the quarter. EP Wealth Advisors LLC's holdings in CSX were worth $4,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC grew its holdings in shares of CSX by 2.5% in the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock valued at $407,000 after purchasing an additional 293 shares in the last quarter. Western Wealth Management LLC raised its holdings in shares of CSX by 0.8% in the second quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company's stock worth $1,208,000 after buying an additional 295 shares during the period. TriaGen Wealth Management LLC grew its position in CSX by 2.7% in the 2nd quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company's stock valued at $385,000 after acquiring an additional 300 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company's stock worth $595,000 after purchasing an additional 306 shares during the period. Finally, J.W. Cole Advisors Inc. increased its stake in CSX by 0.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company's stock worth $1,222,000 after buying an additional 309 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of research analyst reports. Loop Capital decreased their target price on CSX from $43.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, October 17th. BMO Capital Markets lowered their target price on CSX from $40.00 to $39.00 and set an "outperform" rating for the company in a report on Thursday, October 17th. 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. Citigroup boosted their target price on CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, Barclays boosted their price target on CSX from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.78.

CSX Stock Performance

NASDAQ:CSX traded down $0.48 during midday trading on Monday, reaching $33.97. The stock had a trading volume of 10,630,168 shares, compared to its average volume of 11,655,554. The stock has a market cap of $65.51 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.19 and a beta of 1.20. The firm has a fifty day simple moving average of $34.82 and a two-hundred day simple moving average of $34.09. CSX Co. has a 12-month low of $31.74 and a 12-month 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 announced 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). The business had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. On average, equities analysts expect that CSX Co. will post 1.84 EPS for the current year.

CSX Announces Dividend

The firm also recently declared 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 is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.41%. CSX's payout ratio is 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.