Valeo Financial Advisors LLC Sells 576 Shares of CSX Co. (NASDAQ:CSX)

Valeo Financial Advisors LLC reduced its stake in shares of CSX Co. (NASDAQ:CSX) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,344 shares of the transportation company’s stock after selling 576 shares during the period. Valeo Financial Advisors LLC’s holdings in CSX were worth $1,496,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CSX. Exchange Traded Concepts LLC grew its holdings in CSX by 255.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company’s stock worth $259,000 after acquiring an additional 5,396 shares during the period. Creative Planning grew its holdings in CSX by 2.2% during the 3rd quarter. Creative Planning now owns 634,696 shares of the transportation company’s stock worth $21,916,000 after acquiring an additional 13,613 shares during the period. NBC Securities Inc. grew its holdings in CSX by 8.3% during the 3rd quarter. NBC Securities Inc. now owns 7,323 shares of the transportation company’s stock worth $252,000 after acquiring an additional 560 shares during the period. Secure Asset Management LLC grew its holdings in CSX by 3.5% during the 3rd quarter. Secure Asset Management LLC now owns 16,838 shares of the transportation company’s stock worth $581,000 after acquiring an additional 570 shares during the period. Finally, Trust Co. of Vermont grew its holdings in CSX by 1.9% during the 3rd quarter. Trust Co. of Vermont now owns 70,244 shares of the transportation company’s stock worth $2,426,000 after acquiring an additional 1,278 shares during the period. 73.57% of the stock is owned by institutional investors.

CSX Price Performance

CSX stock opened at $33.37 on Friday. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The company’s 50 day moving average price is $32.72 and its two-hundred day moving average price is $33.82. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock has a market cap of $64.35 billion, a P/E ratio of 18.64, a P/E/G ratio of 1.91 and a beta of 1.23.

CSX (NASDAQ:CSX) last posted its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities analysts predict that CSX Co. will post 1.86 earnings per share for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is 26.82%.

Wall Street Analyst Weigh In

CSX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Wells Fargo & Company reduced their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Robert W. Baird reduced their target price on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, Barclays reduced their target price on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

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.