Kiley Juergens Wealth Management LLC Has $454,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Kiley Juergens Wealth Management LLC decreased its stake in CSX Co. (NASDAQ:CSX) by 3.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 12,244 shares of the transportation company’s stock after selling 400 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in CSX were worth $454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in CSX by 2,992.9% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 125,941 shares of the transportation company’s stock worth $4,669,000 after purchasing an additional 121,869 shares during the period. Tributary Capital Management LLC grew its stake in CSX by 10.6% during the first quarter. Tributary Capital Management LLC now owns 20,900 shares of the transportation company’s stock worth $775,000 after purchasing an additional 2,000 shares during the period. Oak Thistle LLC grew its stake in CSX by 176.9% during the first quarter. Oak Thistle LLC now owns 22,764 shares of the transportation company’s stock worth $844,000 after purchasing an additional 14,544 shares during the period. Claro Advisors LLC acquired a new stake in CSX during the first quarter worth approximately $211,000. Finally, Miracle Mile Advisors LLC grew its stake in CSX by 0.3% during the first quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock worth $3,839,000 after purchasing an additional 303 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CSX has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of CSX in a research note on Thursday, April 18th. Susquehanna decreased their target price on CSX from $44.00 to $40.00 and set a “positive” rating for the company in a research note on Tuesday, June 25th. Jefferies Financial Group reduced their price objective on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Finally, Stifel Nicolaus raised their price objective on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.59.

CSX Stock Down 0.3 %

Shares of CSX stock traded down $0.11 during trading hours on Wednesday, reaching $33.65. The company had a trading volume of 902,735 shares, compared to its average volume of 11,893,131. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The business has a fifty day simple moving average of $33.44 and a 200-day simple moving average of $35.14. The company has a market cap of $65.78 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.48 earnings per share. On average, research analysts expect that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. CSX’s dividend payout ratio (DPR) is currently 26.37%.

CSX Company 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.