Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 88.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426 shares of the transportation company’s stock after buying an additional 200 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in CSX were worth $29,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in CSX. Krane Funds Advisors LLC purchased a new stake in CSX in the second quarter valued at $25,000. SRS Capital Advisors Inc. acquired a new stake in shares of CSX in the 2nd quarter valued at $32,000. Kavar Capital Partners LLC acquired a new stake in shares of CSX in the 2nd quarter valued at $35,000. FNY Investment Advisers LLC acquired a new stake in shares of CSX in the 2nd quarter valued at $36,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in shares of CSX in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 75.71% of the company’s stock.
A number of equities research analysts have recently weighed in on CSX shares. Loop Capital lowered shares of CSX from a “buy” rating to a “hold” rating and reduced their price objective for the company from $85.00 to $81.00 in a report on Wednesday, July 10th. Morgan Stanley lowered their price objective on shares of CSX from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, October 7th. ValuEngine downgraded shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Zacks Investment Research downgraded shares of CSX from a “hold” rating to a “sell” rating and set a $83.00 price objective on the stock. in a research report on Monday, July 8th. Finally, Raymond James lowered their price objective on shares of CSX from $84.00 to $81.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $77.82.
Shares of NASDAQ:CSX opened at $69.05 on Friday. The company has a market cap of $55.11 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.24 and a beta of 1.24. The firm’s 50-day simple moving average is $68.00 and its 200-day simple moving average is $73.20. The company has a quick ratio of 1.44, a current ratio of 1.55 and a debt-to-equity ratio of 1.26. CSX Co. has a fifty-two week low of $58.47 and a fifty-two week high of $80.73.
CSX (NASDAQ:CSX) last released its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.14 billion. CSX had a return on equity of 26.96% and a net margin of 27.87%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. On average, research analysts forecast that CSX Co. will post 4.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Wednesday, November 27th. CSX’s dividend payout ratio is currently 25.00%.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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