Mycio Wealth Partners LLC Has $707,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Mycio Wealth Partners LLC lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,135 shares of the transportation company’s stock after purchasing an additional 200 shares during the period. Mycio Wealth Partners LLC’s holdings in CSX were worth $707,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of CSX by 0.5% during the first quarter. Janus Henderson Group PLC now owns 12,929,434 shares of the transportation company’s stock worth $967,382,000 after purchasing an additional 60,234 shares during the period. Egerton Capital UK LLP raised its position in CSX by 2.5% during the first quarter. Egerton Capital UK LLP now owns 12,140,980 shares of the transportation company’s stock valued at $908,388,000 after buying an additional 290,774 shares during the period. Geode Capital Management LLC raised its position in CSX by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 10,386,802 shares of the transportation company’s stock valued at $644,194,000 after buying an additional 646,745 shares during the period. Dimensional Fund Advisors LP raised its position in CSX by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,311,053 shares of the transportation company’s stock valued at $267,854,000 after buying an additional 30,225 shares during the period. Finally, Wells Fargo & Company MN raised its position in CSX by 2.9% during the first quarter. Wells Fargo & Company MN now owns 4,204,104 shares of the transportation company’s stock valued at $314,551,000 after buying an additional 116,535 shares during the period. 75.63% of the stock is currently owned by institutional investors.

CSX stock traded up $0.70 during mid-day trading on Thursday, hitting $66.04. The stock had a trading volume of 175,677 shares, compared to its average volume of 5,457,717. The company has a current ratio of 1.55, a quick ratio of 1.44 and a debt-to-equity ratio of 1.26. CSX Co. has a 1-year low of $58.47 and a 1-year high of $80.73. The company has a fifty day moving average of $70.63 and a 200 day moving average of $74.12. The stock has a market capitalization of $52.11 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.14 and a beta of 1.21.

CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, July 16th. The transportation company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.03). CSX had a return on equity of 26.96% and a net margin of 27.87%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that CSX Co. will post 4.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, August 29th. CSX’s payout ratio is currently 25.00%.

In other CSX news, EVP Nathan D. Goldman sold 7,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total value of $556,500.00. Following the transaction, the executive vice president now directly owns 79,697 shares of the company’s stock, valued at approximately $6,335,911.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.83% of the company’s stock.

CSX has been the topic of several recent analyst reports. Raymond James dropped their price target on CSX from $84.00 to $81.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. ValuEngine lowered CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. TD Securities dropped their price target on CSX from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. Royal Bank of Canada dropped their price target on CSX to $75.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 17th. Finally, Loop Capital lowered CSX from a “buy” rating to a “hold” rating and dropped their price target for the company from $85.00 to $81.00 in a research report on Wednesday, July 10th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $78.13.

CSX Company Profile

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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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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