Rowlandmiller & PARTNERS.ADV Sells 1,778 Shares of CSX Co. (NASDAQ:CSX)

Rowlandmiller & PARTNERS.ADV lowered its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,878 shares of the transportation company’s stock after selling 1,778 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in CSX were worth $3,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise increased its position in CSX by 149.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock valued at $575,000 after purchasing an additional 10,301 shares during the period. Ascent Group LLC increased its position in CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock valued at $2,179,000 after purchasing an additional 49,869 shares during the period. PFG Advisors increased its position in CSX by 2.1% during the 1st quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after purchasing an additional 387 shares during the period. Sei Investments Co. increased its position in CSX by 4.2% during the 1st quarter. Sei Investments Co. now owns 597,426 shares of the transportation company’s stock valued at $22,146,000 after purchasing an additional 23,938 shares during the period. Finally, William B. Walkup & Associates Inc. purchased a new position in CSX during the 2nd quarter valued at about $867,000. Institutional investors own 73.57% of the company’s stock.

CSX Price Performance

Shares of NASDAQ CSX opened at $33.10 on Friday. The firm has a market cap of $64.71 billion, a PE ratio of 18.19, a PEG ratio of 1.90 and a beta of 1.19. The firm has a fifty day moving average of $34.04 and a 200 day moving average of $33.90. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. CSX’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. As a group, research analysts predict that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, November 29th. CSX’s payout ratio is 26.37%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Sanford C. Bernstein raised their target price on shares of CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of CSX in a research report on Wednesday, August 7th. Wells Fargo & Company cut their price objective on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Loop Capital cut their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Stifel Nicolaus lowered their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.61.

CSX Company 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.