Imprint Wealth LLC Sells 539 Shares of CSX Co. (NASDAQ:CSX)

Imprint Wealth LLC cut its stake in shares of CSX Co. (NASDAQ:CSX) by 3.4% during the 4th quarter, HoldingsChannel reports. The firm owned 15,455 shares of the transportation company’s stock after selling 539 shares during the period. Imprint Wealth LLC’s holdings in CSX were worth $536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSX. Fortitude Family Office LLC bought a new stake in shares of CSX during the 4th quarter valued at approximately $27,000. Life Planning Partners Inc acquired a new position in shares of CSX during the 4th quarter valued at $27,000. Fortis Capital Advisors LLC acquired a new position in shares of CSX during the 4th quarter valued at $27,000. Venturi Wealth Management LLC lifted its position in shares of CSX by 228.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 692 shares during the period. Finally, Janiczek Wealth Management LLC lifted its position in shares of CSX by 897.2% during the 3rd quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 960 shares during the period. 73.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Jefferies Financial Group began coverage on shares of CSX in a research report on Monday, April 8th. They set a “hold” rating and a $40.00 target price for the company. TD Cowen lifted their target price on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Susquehanna lifted their target price on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 target price on shares of CSX in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.28.

CSX Stock Down 0.5 %

Shares of CSX stock traded down $0.17 during trading on Tuesday, hitting $34.97. 3,045,400 shares of the stock traded hands, compared to its average volume of 11,613,964. The firm has a market cap of $68.46 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The stock’s fifty day simple moving average is $37.08 and its 200 day simple moving average is $34.29.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. CSX had a return on equity of 30.52% and a net margin of 25.35%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities analysts predict that CSX Co. will post 1.97 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. This is an increase from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio (DPR) is presently 26.09%.

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.