10,482 Shares in CSX Corporation $CSX Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC acquired a new position in shares of CSX Corporation (NASDAQ:CSX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,482 shares of the transportation company’s stock, valued at approximately $498,000.

A number of other large investors also recently made changes to their positions in CSX. N.E.W. Advisory Services LLC purchased a new stake in shares of CSX in the second quarter worth approximately $27,000. WFA of San Diego LLC purchased a new stake in CSX in the 2nd quarter worth approximately $28,000. Arlington Trust Co LLC boosted its stake in shares of CSX by 58.0% during the 2nd quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock valued at $32,000 after buying an additional 250 shares during the period. Wilkerson Advisory Group LLC boosted its position in CSX by 97.4% during the first quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 409 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new stake in shares of CSX during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CSX shares. Morgan Stanley set a $32.00 price target on CSX and gave the company an “underweight” rating in a report on Monday, July 6th. Citizens Jmp began coverage on shares of CSX in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $41.00 target price (up from $37.00) on shares of CSX in a research note on Thursday, April 23rd. Rothschild & Co Redburn boosted their target price on shares of CSX from $45.50 to $47.50 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Truist Financial set a $46.00 price target on shares of CSX in a research note on Friday, July 10th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.31.

CSX Price Performance

Shares of CSX stock opened at $50.58 on Tuesday. CSX Corporation has a 12 month low of $31.80 and a 12 month high of $53.60. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 1.22. The stock has a 50 day moving average of $49.08 and a two-hundred day moving average of $44.83. The company has a market capitalization of $93.70 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.29 and a beta of 1.21.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. CSX had a net margin of 22.21% and a return on equity of 24.98%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. As a group, equities analysts expect that CSX Corporation will post 2 EPS for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 31st. CSX’s dividend payout ratio is currently 32.37%.

Insider Activity

In other CSX news, Director John J. Zillmer sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.45, for a total transaction of $464,500.00. Following the sale, the director directly owned 353,714 shares of the company’s stock, valued at approximately $16,430,015.30. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Angela C. Williams sold 30,000 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $53.29, for a total transaction of $1,598,700.00. Following the sale, the chief accounting officer directly owned 10,437 shares in the company, valued at $556,187.73. This represents a 74.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 189,708 shares of company stock worth $9,132,304. Company insiders own 0.30% of the company’s stock.

CSX Profile

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.