O Shaughnessy Asset Management LLC acquired a new stake in CSX Co. (NASDAQ:CSX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 156,833 shares of the transportation company’s stock, valued at approximately $11,574,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp boosted its holdings in shares of CSX by 20.6% during the 3rd quarter. Dupont Capital Management Corp now owns 293,468 shares of the transportation company’s stock worth $21,731,000 after buying an additional 50,134 shares in the last quarter. Community Bank N.A. boosted its holdings in shares of CSX by 119.9% during the 3rd quarter. Community Bank N.A. now owns 7,335 shares of the transportation company’s stock worth $543,000 after buying an additional 4,000 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of CSX by 35.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,805 shares of the transportation company’s stock worth $250,000 after buying an additional 1,000 shares in the last quarter. Psagot Investment House Ltd. bought a new position in shares of CSX during the 3rd quarter worth approximately $128,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of CSX by 3,275.5% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 275,141 shares of the transportation company’s stock worth $20,374,000 after buying an additional 266,990 shares in the last quarter. 76.20% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on the company. Scotiabank set a $72.00 price target on CSX and gave the stock a “hold” rating in a report on Wednesday, July 18th. Stifel Nicolaus increased their price target on CSX from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, July 18th. BidaskClub upgraded CSX from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Raymond James upped their target price on CSX from $70.00 to $75.00 and gave the stock a “$69.00” rating in a research report on Wednesday, July 18th. Finally, Cowen reaffirmed a “$69.00” rating and set a $74.00 target price on shares of CSX in a research report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. CSX currently has a consensus rating of “Buy” and a consensus price target of $77.60.
Shares of NASDAQ:CSX opened at $70.66 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. CSX Co. has a twelve month low of $48.26 and a twelve month high of $76.24. The company has a market cap of $61.06 billion, a PE ratio of 30.72, a PEG ratio of 1.43 and a beta of 1.27.
CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, October 16th. The transportation company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. CSX had a return on equity of 21.38% and a net margin of 55.19%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. CSX’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts predict that CSX Co. will post 3.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, November 29th. CSX’s payout ratio is currently 38.26%.
CSX Company Profile
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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