Entropy Technologies LP Has $242,000 Holdings in CSX Co. (NASDAQ:CSX)

Entropy Technologies LP lessened its position in shares of CSX Co. (NASDAQ:CSX) by 96.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,000 shares of the transportation company’s stock after selling 202,280 shares during the period. Entropy Technologies LP’s holdings in CSX were worth $242,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in CSX during the 2nd quarter worth $26,000. MFA Wealth Advisors LLC bought a new position in CSX during the second quarter worth about $27,000. Morton Brown Family Wealth LLC acquired a new stake in CSX in the 3rd quarter worth about $31,000. Fairscale Capital LLC bought a new stake in CSX in the 2nd quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of CSX during the 2nd quarter worth approximately $33,000. Institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CSX shares. Royal Bank of Canada cut their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Citigroup upped their target price on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stephens decreased their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Barclays upped their price objective on shares of CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company dropped their target price on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

CSX Price Performance

CSX stock opened at $35.13 on Friday. The company has a market capitalization of $67.75 billion, a PE ratio of 18.89, a P/E/G ratio of 2.32 and a beta of 1.19. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a 50-day moving average price of $34.32 and a two-hundred day moving average price of $33.89. CSX Co. has a 12 month low of $30.86 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last posted its 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 business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Analysts expect that CSX Co. will post 1.84 EPS for the current year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio is presently 25.81%.

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.