CSX Co. (NASDAQ:CSX) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its stake in shares of CSX Co. (NASDAQ:CSX) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,851,468 shares of the transportation company’s stock after selling 319,985 shares during the quarter. Calamos Advisors LLC owned 0.09% of CSX worth $61,932,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC boosted its stake in CSX by 13.0% in the 4th quarter. Jennison Associates LLC now owns 114,675 shares of the transportation company’s stock worth $3,976,000 after buying an additional 13,159 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in CSX by 1.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 87,117 shares of the transportation company’s stock worth $3,020,000 after buying an additional 1,341 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in CSX by 3.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 42,426 shares of the transportation company’s stock worth $1,471,000 after buying an additional 1,320 shares during the last quarter. Syon Capital LLC boosted its stake in CSX by 8.7% in the 4th quarter. Syon Capital LLC now owns 23,505 shares of the transportation company’s stock worth $815,000 after buying an additional 1,875 shares during the last quarter. Finally, Stanley Laman Group Ltd. acquired a new position in shares of CSX in the 4th quarter valued at about $224,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Up 1.4 %

Shares of NASDAQ CSX traded up $0.46 during mid-day trading on Friday, reaching $33.69. 10,397,905 shares of the company traded hands, compared to its average volume of 11,735,369. The stock has a market cap of $65.86 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The company’s fifty day moving average is $33.73 and its two-hundred day moving average is $34.84. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts expect that CSX Co. will post 1.94 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.12 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. CSX’s dividend payout ratio is 26.37%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CSX shares. Wells Fargo & Company started coverage on CSX in a report on Friday, June 7th. They set an “equal weight” rating and a $35.00 target price on the stock. Sanford C. Bernstein increased their price objective on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Susquehanna increased their price objective on shares of CSX from $40.00 to $41.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. Evercore ISI raised CSX to a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $40.00 price target on shares of CSX in a research note on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

About CSX

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.