CSX Co. (NASDAQ:CSX) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its position in shares of CSX Co. (NASDAQ:CSX) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,746 shares of the transportation company’s stock after selling 5,123 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in CSX were worth $4,325,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new stake in CSX during the 4th quarter worth $27,000. Life Planning Partners Inc acquired a new stake in shares of CSX in the fourth quarter valued at about $27,000. Burkett Financial Services LLC purchased a new stake in shares of CSX during the 4th quarter valued at about $34,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CSX during the 4th quarter valued at about $34,000. Finally, Avion Wealth lifted its position in CSX by 450.5% during the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after acquiring an additional 820 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Price Performance

NASDAQ:CSX traded up $0.43 during trading hours on Monday, reaching $32.61. 14,397,848 shares of the company’s stock were exchanged, compared to its average volume of 11,879,911. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The company has a market capitalization of $63.75 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19. The business’s 50-day simple moving average is $33.80 and its two-hundred day simple moving average is $35.15.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. Sell-side analysts expect that CSX Co. will post 1.96 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Friday, May 31st. CSX’s dividend payout ratio is currently 26.37%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CSX. Susquehanna lifted their target price on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Royal Bank of Canada cut their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. UBS Group decreased their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price target on shares of CSX in a report on Thursday, April 18th. Finally, Bank of America decreased their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus target price of $37.82.

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.