Calamos Wealth Management LLC Has $649,000 Stock Position in CSX Co. (NASDAQ:CSX)

Calamos Wealth Management LLC reduced its position in shares of CSX Co. (NASDAQ:CSX) by 94.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,126 shares of the transportation company’s stock after selling 360,608 shares during the period. Calamos Wealth Management LLC’s holdings in CSX were worth $649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. abrdn plc increased its stake in shares of CSX by 10.0% in the fourth quarter. abrdn plc now owns 1,048,530 shares of the transportation company’s stock valued at $33,789,000 after buying an additional 95,510 shares in the last quarter. Trust Point Inc. grew its holdings in CSX by 2.6% during the 4th quarter. Trust Point Inc. now owns 13,722 shares of the transportation company’s stock worth $443,000 after acquiring an additional 344 shares during the last quarter. Childress Capital Advisors LLC increased its position in CSX by 11.1% in the 4th quarter. Childress Capital Advisors LLC now owns 7,488 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 746 shares in the last quarter. EQ Wealth Advisors LLC bought a new position in shares of CSX in the fourth quarter worth about $365,000. Finally, Resonant Capital Advisors LLC lifted its position in shares of CSX by 8.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 60,505 shares of the transportation company’s stock worth $1,952,000 after purchasing an additional 4,542 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

CSX stock opened at $32.87 on Wednesday. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market cap of $63.39 billion, a PE ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 1.23. The business’s 50-day moving average price is $33.25 and its two-hundred day moving average price is $33.89.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, research analysts forecast that CSX Co. will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

CSX has been the subject of a number of research reports. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $34.00 in a report on Monday. Barclays dropped their target price on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Susquehanna decreased their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, CSX has a consensus rating of “Moderate Buy” and an average target price of $37.16.

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.