Cetera Advisors LLC Has $858,000 Stake in CSX Co. (CSX)
Cetera Advisors LLC grew its position in shares of CSX Co. (NASDAQ:CSX) by 39.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,523 shares of the transportation company’s stock after acquiring an additional 3,252 shares during the quarter. Cetera Advisors LLC’s holdings in CSX were worth $858,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Highwater Wealth Management LLC acquired a new position in shares of CSX during the fourth quarter valued at $31,000. Virtus ETF Advisers LLC boosted its holdings in shares of CSX by 117.1% during the fourth quarter. Virtus ETF Advisers LLC now owns 445 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 240 shares during the period. Larson Financial Group LLC acquired a new stake in CSX in the fourth quarter worth about $28,000. Liberty Wealth Management LLC acquired a new stake in CSX in the fourth quarter worth about $28,000. Finally, Karp Capital Management Corp acquired a new stake in CSX in the fourth quarter worth about $30,000. 77.64% of the stock is owned by institutional investors.
In other CSX news, VP Angela C. Williams sold 9,560 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $79.14, for a total value of $756,578.40. Following the completion of the sale, the vice president now directly owns 14,607 shares of the company’s stock, valued at approximately $1,155,997.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.83% of the stock is currently owned by corporate insiders.
CSX (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.11. CSX had a net margin of 27.84% and a return on equity of 26.13%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the company earned $0.78 EPS. CSX’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that CSX Co. will post 4.34 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, May 30th. CSX’s payout ratio is 25.00%.
CSX has been the subject of several research analyst reports. Cowen reaffirmed a “market perform” rating and issued a $74.00 price objective (down previously from $77.00) on shares of CSX in a report on Thursday, January 17th. Royal Bank of Canada reduced their price objective on shares of CSX to $80.00 and set an “outperform” rating for the company in a report on Thursday, January 17th. Loop Capital upped their price objective on shares of CSX to $87.00 and gave the stock a “buy” rating in a report on Thursday, January 17th. TD Securities upped their price objective on shares of CSX from $74.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, January 17th. Finally, Zacks Investment Research raised shares of CSX from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Friday, January 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $79.58.
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CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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