Outfitter Financial LLC Has $1.19 Million Stock Holdings in CSX Corporation (NASDAQ:CSX)

Outfitter Financial LLC cut its stake in shares of CSX Corporation (NASDAQ:CSX) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,580 shares of the transportation company’s stock after selling 1,695 shares during the period. Outfitter Financial LLC’s holdings in CSX were worth $1,194,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of CSX by 5.5% in the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock worth $525,000 after purchasing an additional 849 shares during the last quarter. Proficio Capital Partners LLC increased its stake in CSX by 20.9% in the 4th quarter. Proficio Capital Partners LLC now owns 18,257 shares of the transportation company’s stock valued at $589,000 after buying an additional 3,159 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of CSX by 6.5% during the 4th quarter. Parallel Advisors LLC now owns 18,629 shares of the transportation company’s stock worth $601,000 after purchasing an additional 1,135 shares during the last quarter. Horizon Investments LLC boosted its holdings in CSX by 1.7% in the 4th quarter. Horizon Investments LLC now owns 32,377 shares of the transportation company’s stock worth $1,045,000 after buying an additional 536 shares during the period. Finally, Brooklyn FI LLC bought a new position in CSX in the 4th quarter worth approximately $566,000. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSX has been the subject of several analyst reports. Baird R W raised shares of CSX to a “strong-buy” rating in a report on Tuesday, July 1st. Sanford C. Bernstein restated a “market perform” rating and set a $36.00 price objective (up previously from $33.00) on shares of CSX in a research report on Tuesday, July 8th. Royal Bank Of Canada lowered their price objective on shares of CSX from $31.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 17th. UBS Group lowered their price objective on shares of CSX from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Evercore ISI lowered their price objective on shares of CSX from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $35.14.

CSX Stock Up 0.7%

Shares of NASDAQ CSX traded up $0.25 during midday trading on Friday, hitting $34.75. The stock had a trading volume of 7,160,050 shares, compared to its average volume of 13,467,292. The business’s 50 day moving average is $32.16 and its 200-day moving average is $31.15. The company has a market cap of $65.28 billion, a P/E ratio of 20.85, a PEG ratio of 2.98 and a beta of 1.23. CSX Corporation has a 52 week low of $26.22 and a 52 week high of $37.10. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.52.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a net margin of 22.66% and a return on equity of 26.42%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.53 billion. As a group, analysts predict that CSX Corporation will post 1.83 EPS for the current year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.50%. CSX’s payout ratio is 31.14%.

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.