Lifeworks Advisors LLC Sells 3,051 Shares of CSX Co. (NASDAQ:CSX)

Lifeworks Advisors LLC trimmed its stake in shares of CSX Co. (NASDAQ:CSX) by 28.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,819 shares of the transportation company’s stock after selling 3,051 shares during the quarter. Lifeworks Advisors LLC’s holdings in CSX were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Banque Cantonale Vaudoise lifted its holdings in CSX by 149.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock worth $575,000 after buying an additional 10,301 shares during the period. Ascent Group LLC lifted its holdings in CSX by 559.7% in the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock worth $2,179,000 after buying an additional 49,869 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after buying an additional 80,423 shares during the period. Principal Financial Group Inc. lifted its holdings in CSX by 3.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after buying an additional 77,488 shares during the period. Finally, William B. Walkup & Associates Inc. purchased a new stake in CSX in the 2nd quarter worth approximately $867,000. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

NASDAQ:CSX opened at $35.63 on Friday. The firm has a market capitalization of $68.71 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.32 and a beta of 1.19. CSX Co. has a 1 year low of $30.86 and a 1 year high of $40.12. The business has a 50 day simple moving average of $34.26 and a 200-day simple moving average of $33.87. 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) last posted its quarterly earnings data 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 company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. CSX’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. Equities analysts forecast 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. Stockholders 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 annualized dividend and a dividend yield of 1.35%. CSX’s payout ratio is 25.81%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. BMO Capital Markets dropped their price target on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Loop Capital dropped their price target on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Benchmark restated a “buy” rating and set a $40.00 price target on shares of CSX in a research report on Wednesday, August 7th. Finally, Stephens dropped their price target on 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.78.

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.