Eagle Strategies LLC Has $610,000 Position in CSX Co. (NASDAQ:CSX)

Eagle Strategies LLC decreased its stake in CSX Co. (NASDAQ:CSX) by 49.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,674 shares of the transportation company’s stock after selling 17,570 shares during the period. Eagle Strategies LLC’s holdings in CSX were worth $610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC bought a new stake in CSX in the second quarter worth approximately $27,000. Morton Brown Family Wealth LLC acquired a new position in CSX in the third quarter valued at approximately $31,000. Fairscale Capital LLC acquired a new stake in shares of CSX during the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of CSX in the 2nd quarter valued at $33,000. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

NASDAQ CSX opened at $33.25 on Wednesday. The stock has a market capitalization of $65.00 billion, a PE ratio of 18.27, a P/E/G ratio of 1.90 and a beta of 1.19. CSX Co. has a 1 year low of $29.26 and a 1 year high of $40.12. The company’s 50 day simple moving average is $34.02 and its two-hundred day simple moving average is $33.82. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01.

CSX (NASDAQ:CSX) last released 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). The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. Analysts predict that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Announces Dividend

The business 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 dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.44%. CSX’s payout ratio is presently 26.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Stephens reduced their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada lowered their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Sanford C. Bernstein lifted their price objective on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. BMO Capital Markets dropped their price target on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, Evercore ISI reduced their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.61.

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.