Burt Wealth Advisors Trims Position in CSX Co. (NASDAQ:CSX)

Burt Wealth Advisors trimmed its position in CSX Co. (NASDAQ:CSX) by 29.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,437 shares of the transportation company’s stock after selling 2,632 shares during the quarter. Burt Wealth Advisors’ holdings in CSX were worth $222,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CSX. Itau Unibanco Holding S.A. purchased a new position in CSX during the second quarter worth about $26,000. MFA Wealth Advisors LLC bought a new stake in shares of CSX during the 2nd quarter valued at about $27,000. Morton Brown Family Wealth LLC bought a new stake in shares of CSX during the 3rd quarter valued at about $31,000. Fairscale Capital LLC purchased a new position in shares of CSX during the second quarter worth about $32,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of CSX in the second quarter worth approximately $33,000. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSX has been the subject of a number of research reports. Royal Bank of Canada cut their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Barclays lowered their price target on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Stifel Nicolaus cut their price objective on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Loop Capital reduced their price objective on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Evercore ISI dropped their target price on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.61.

CSX Trading Up 0.8 %

NASDAQ CSX traded up $0.29 during trading on Friday, hitting $35.85. The company had a trading volume of 3,272,534 shares, compared to its average volume of 11,701,986. The company’s fifty day moving average is $34.08 and its 200-day moving average is $33.80. CSX Co. has a one year low of $30.13 and a one year high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $69.13 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter last year, the business earned $0.42 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts predict that CSX Co. will post 1.84 earnings per share for the current year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.34%. CSX’s payout ratio is 25.81%.

CSX 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.