Astoria Portfolio Advisors LLC. Lowers Holdings in CSX Co. (NASDAQ:CSX)

Astoria Portfolio Advisors LLC. trimmed its position in CSX Co. (NASDAQ:CSX) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,798 shares of the transportation company’s stock after selling 1,007 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in CSX were worth $485,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CSX. Atlantic Union Bankshares Corp increased its position in shares of CSX by 2.4% in the first quarter. Atlantic Union Bankshares Corp now owns 117,137 shares of the transportation company’s stock worth $4,342,000 after purchasing an additional 2,736 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of CSX in the 1st quarter worth $97,000. Fifth Third Wealth Advisors LLC raised its position in shares of CSX by 33.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 19,423 shares of the transportation company’s stock valued at $720,000 after buying an additional 4,822 shares in the last quarter. Harbor Group Inc. lifted its holdings in shares of CSX by 50.6% during the 1st quarter. Harbor Group Inc. now owns 17,956 shares of the transportation company’s stock worth $666,000 after acquiring an additional 6,035 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in CSX by 24.7% in the first quarter. Wealthcare Advisory Partners LLC now owns 26,008 shares of the transportation company’s stock worth $964,000 after acquiring an additional 5,155 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CSX shares. Stifel Nicolaus raised their price target on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Royal Bank of Canada decreased their price objective on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Susquehanna cut their target price on CSX from $44.00 to $40.00 and set a “positive” rating for the company in a research note on Tuesday. UBS Group decreased their price target on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, Bank of America lowered their price objective on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, CSX has an average rating of “Moderate Buy” and a consensus price target of $37.59.

CSX Stock Up 1.3 %

Shares of NASDAQ:CSX opened at $33.45 on Friday. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The stock’s 50-day moving average is $33.46 and its 200 day moving average is $35.11. The company has a market cap of $65.39 billion, a PE ratio of 18.38, a P/E/G ratio of 1.71 and a beta of 1.19.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the previous year, the firm earned $0.48 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. Sell-side analysts anticipate that CSX Co. will post 1.96 EPS for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.12 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. CSX’s dividend payout ratio 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.