New Republic Capital LLC Sells 635 Shares of CSX Corporation (NASDAQ:CSX)

New Republic Capital LLC cut its holdings in CSX Corporation (NASDAQ:CSX) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,762 shares of the transportation company’s stock after selling 635 shares during the period. New Republic Capital LLC’s holdings in CSX were worth $640,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Portside Wealth Group LLC boosted its holdings in CSX by 1.3% during the first quarter. Portside Wealth Group LLC now owns 27,335 shares of the transportation company’s stock valued at $804,000 after acquiring an additional 361 shares during the period. Ullmann Wealth Partners Group LLC lifted its stake in shares of CSX by 1.3% in the first quarter. Ullmann Wealth Partners Group LLC now owns 29,276 shares of the transportation company’s stock valued at $862,000 after buying an additional 363 shares during the period. Family Legacy Inc. lifted its stake in shares of CSX by 0.6% in the fourth quarter. Family Legacy Inc. now owns 68,009 shares of the transportation company’s stock valued at $2,190,000 after buying an additional 375 shares during the period. LRI Investments LLC lifted its stake in shares of CSX by 4.8% in the first quarter. LRI Investments LLC now owns 8,254 shares of the transportation company’s stock valued at $243,000 after buying an additional 375 shares during the period. Finally, Patrick M Sweeney & Associates Inc. raised its position in CSX by 1.2% in the first quarter. Patrick M Sweeney & Associates Inc. now owns 32,205 shares of the transportation company’s stock worth $948,000 after purchasing an additional 378 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Up 2.2%

Shares of CSX stock opened at $35.76 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.77. The firm’s 50-day moving average is $32.69 and its 200-day moving average is $31.25. The stock has a market cap of $66.67 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 3.16 and a beta of 1.23. CSX Corporation has a 52-week low of $26.22 and a 52-week high of $37.10.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. CSX had a net margin of 21.92% and a return on equity of 25.48%. The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the firm earned $0.49 EPS. CSX’s quarterly revenue was down 3.5% compared to the same quarter last year. Sell-side analysts predict that CSX Corporation will post 1.83 EPS for the current year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.45%. CSX’s payout ratio is presently 32.10%.

Analyst Ratings Changes

Several research firms recently issued reports on CSX. Sanford C. Bernstein reissued a “market perform” rating and issued a $36.00 price target (up previously from $33.00) on shares of CSX in a research report on Tuesday, July 8th. BMO Capital Markets increased their price target on shares of CSX from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday. Susquehanna reissued a “neutral” rating and issued a $35.00 price target on shares of CSX in a research report on Tuesday, June 24th. Citigroup raised their price objective on shares of CSX from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, TD Cowen raised shares of CSX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $32.00 to $45.00 in a report on Monday, July 21st. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

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.