SG Americas Securities LLC Has $48.06 Million Stock Holdings in CSX Corporation $CSX

SG Americas Securities LLC trimmed its holdings in shares of CSX Corporation (NASDAQ:CSX) by 15.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,170,841 shares of the transportation company’s stock after selling 210,905 shares during the quarter. SG Americas Securities LLC’s holdings in CSX were worth $48,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSX. FNY Investment Advisers LLC raised its stake in shares of CSX by 437.3% during the third quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 586 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of CSX in the second quarter worth $28,000. CrossGen Wealth LLC acquired a new stake in CSX in the fourth quarter valued at $54,000. Aventura Private Wealth LLC acquired a new stake in CSX in the fourth quarter valued at $63,000. Finally, Sunbelt Securities Inc. bought a new position in CSX during the 3rd quarter worth $67,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Price Performance

Shares of NASDAQ CSX opened at $46.20 on Tuesday. The firm has a market capitalization of $85.85 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.28 and a beta of 1.22. The firm’s 50-day moving average price is $45.36 and its 200-day moving average price is $41.07. The company has a current ratio of 0.97, a quick ratio of 0.83 and a debt-to-equity ratio of 1.34. CSX Corporation has a 1-year low of $31.80 and a 1-year high of $48.03.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. CSX had a return on equity of 24.47% and a net margin of 21.55%.The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the business posted $0.34 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts anticipate that CSX Corporation will post 1.9 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.14 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.56 annualized dividend and a yield of 1.2%. CSX’s dividend payout ratio is presently 34.36%.

Insider Buying and Selling

In other CSX news, Director John J. Zillmer sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total value of $464,500.00. Following the completion of the sale, the director owned 353,714 shares of the company’s stock, valued at approximately $16,430,015.30. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin S. Boone sold 136,708 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total value of $6,384,263.60. Following the sale, the chief financial officer owned 208,622 shares of the company’s stock, valued at approximately $9,742,647.40. This represents a 39.59% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Susquehanna lifted their target price on CSX from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, June 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $41.00 price target (up from $37.00) on shares of CSX in a research note on Thursday, April 23rd. BMO Capital Markets raised their price objective on CSX from $40.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and issued a $47.00 price objective (up from $40.00) on shares of CSX in a research note on Thursday, April 23rd. Finally, New Street Research set a $49.00 target price on shares of CSX in a research report on Thursday, April 23rd. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.50.

About CSX

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.