CarsonAllaria Wealth Management Ltd. Has $61,000 Stock Position in CSX Co. (NASDAQ:CSX)

CarsonAllaria Wealth Management Ltd. lowered its holdings in shares of CSX Co. (NASDAQ:CSX) by 14.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,831 shares of the transportation company’s stock after selling 299 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in CSX were worth $61,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CSX. Financial Synergies Wealth Advisors Inc. acquired a new stake in CSX in the first quarter valued at approximately $29,000. Burkett Financial Services LLC purchased a new position in shares of CSX during the fourth quarter valued at approximately $34,000. Tortoise Investment Management LLC bought a new stake in CSX during the fourth quarter worth $35,000. Valued Wealth Advisors LLC lifted its holdings in CSX by 172.7% during the first quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock worth $35,000 after acquiring an additional 594 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new stake in CSX during the fourth quarter worth $39,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Down 0.2 %

CSX traded down $0.06 during midday trading on Tuesday, reaching $33.58. 6,113,226 shares of the company’s stock traded hands, compared to its average volume of 11,758,899. The firm has a fifty day moving average of $33.66 and a two-hundred day moving average of $34.91. The stock has a market capitalization of $65.65 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.89 and a beta of 1.20. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last announced its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.70 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. On average, equities analysts anticipate that CSX Co. will post 1.94 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 1.43%. CSX’s dividend payout ratio is 26.37%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CSX. JPMorgan Chase & Co. boosted their target price on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Stephens restated an “overweight” rating and set a $42.00 target price on shares of CSX in a research report on Tuesday, August 6th. Sanford C. Bernstein boosted their target price on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Wells Fargo & Company initiated coverage on CSX in a research report on Friday, June 7th. They set an “equal weight” rating and a $35.00 target price for the company. Finally, Susquehanna boosted their target price on CSX from $40.00 to $41.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average price target of $38.80.

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.