Daymark Wealth Partners LLC Has $907,000 Holdings in CSX Corporation (NASDAQ:CSX)

by · The Cerbat Gem

Daymark Wealth Partners LLC cut its position in shares of CSX Corporation (NASDAQ:CSX – Free Report) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,835 shares of the transportation company’s stock after selling 1,362 shares during the quarter. Daymark Wealth Partners LLC’s holdings in CSX were worth $907,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CSX. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of CSX during the fourth quarter worth $27,000. Accredited Wealth Management LLC acquired a new stake in CSX in the fourth quarter worth $29,000. Fourth Dimension Wealth LLC acquired a new stake in CSX in the fourth quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in CSX in the fourth quarter worth $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in CSX by 219.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,040 shares of the transportation company’s stock worth $34,000 after purchasing an additional 714 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSX has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of CSX from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. UBS Group reduced their price target on shares of CSX from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Evercore ISI reduced their price target on shares of CSX from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 price objective for the company. Finally, Bank of America lifted their price objective on shares of CSX from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, June 13th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and an average price target of $34.14.

Read Our Latest Stock Analysis on CSX

CSX Stock Performance

Shares of CSX stock opened at $32.57 on Friday. The firm has a market cap of $61.18 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.88. The firm’s 50-day simple moving average is $30.54 and its two-hundred day simple moving average is $31.07. CSX Corporation has a 52 week low of $26.22 and a 52 week high of $37.10.

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

CSX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. CSX’s dividend payout ratio is currently 31.14%.

About CSX

(Free Report)

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.

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