ORG Partners LLC Trims Position in CSX Co. (NASDAQ:CSX)

ORG Partners LLC reduced its holdings in CSX Co. (NASDAQ:CSX) by 74.2% during the 3rd quarter, Holdings Channel reports. The fund owned 900 shares of the transportation company’s stock after selling 2,587 shares during the period. ORG Partners LLC’s holdings in CSX were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Western Wealth Management LLC raised its position in CSX by 0.8% during the second quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company’s stock valued at $1,208,000 after acquiring an additional 295 shares in the last quarter. TriaGen Wealth Management LLC increased its holdings in shares of CSX by 2.7% during the 2nd quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company’s stock valued at $385,000 after purchasing an additional 300 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of CSX by 0.3% in the 1st quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock valued at $3,839,000 after purchasing an additional 303 shares during the period. Team Hewins LLC boosted its holdings in CSX by 1.7% during the first quarter. Team Hewins LLC now owns 18,778 shares of the transportation company’s stock worth $696,000 after buying an additional 306 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its position in CSX by 4.8% during the second quarter. Zions Bancorporation N.A. now owns 6,985 shares of the transportation company’s stock valued at $234,000 after buying an additional 322 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

CSX has been the subject of a number of analyst reports. Stephens reiterated an “overweight” rating and issued a $42.00 price objective on shares of CSX in a research report on Tuesday, August 6th. Evercore ISI raised CSX to a “strong-buy” rating in a report on Tuesday, August 6th. Sanford C. Bernstein boosted their price objective on CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Susquehanna lifted their price target on shares of CSX from $41.00 to $42.00 and gave the company a “positive” rating in a research note on Wednesday, October 2nd. Finally, Barclays decreased their price objective on shares of CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average price target of $39.19.

CSX Stock Performance

Shares of CSX stock opened at $35.47 on Thursday. The business’s 50 day moving average price is $34.05 and its 200 day moving average price is $33.99. The company has a market cap of $69.34 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.11% and a net margin of 24.52%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts predict that CSX Co. will post 1.93 EPS for the current year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. CSX’s dividend payout ratio (DPR) is 26.37%.

CSX Company 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.