Campbell & CO Investment Adviser LLC purchased a new position in shares of CSX Co. (NASDAQ:CSX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,286 shares of the transportation company’s stock, valued at approximately $411,000.
A number of other large investors have also recently added to or reduced their stakes in CSX. Watson Rebecca acquired a new stake in CSX during the 2nd quarter worth approximately $29,000. Tarbox Family Office Inc. lifted its holdings in CSX by 55.9% during the 2nd quarter. Tarbox Family Office Inc. now owns 491 shares of the transportation company’s stock worth $34,000 after purchasing an additional 176 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in CSX during the 2nd quarter worth approximately $44,000. Bay Harbor Wealth Management LLC increased its stake in CSX by 29.6% during the 1st quarter. Bay Harbor Wealth Management LLC now owns 875 shares of the transportation company’s stock worth $50,000 after acquiring an additional 200 shares during the period. Finally, Keebeck Wealth Management LLC bought a new position in CSX during the 2nd quarter worth $60,000. 73.51% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on the company. BidaskClub upgraded CSX from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America raised their price objective on CSX from $85.00 to $89.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Stephens upgraded CSX from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $72.00 to $93.00 in a research note on Monday, August 31st. Argus raised their price objective on CSX from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Atlantic Securities upgraded CSX from a “neutral” rating to an “overweight” rating and set a $92.00 price objective on the stock in a research note on Wednesday, September 23rd. Eight analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $79.28.
Shares of CSX stock opened at $80.11 on Friday. The firm has a market capitalization of $61.29 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.86 and a beta of 1.14. CSX Co. has a twelve month low of $46.81 and a twelve month high of $81.40. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 1.33. The stock’s fifty day simple moving average is $77.73 and its 200 day simple moving average is $70.59.
CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.31 billion. CSX had a return on equity of 24.24% and a net margin of 26.39%. During the same quarter in the previous year, the company posted $1.08 EPS. As a group, equities research analysts expect that CSX Co. will post 3.57 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, November 27th. CSX’s payout ratio is presently 24.94%.
In other CSX news, Director John J. Zillmer sold 20,500 shares of CSX stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $72.13, for a total transaction of $1,478,665.00. Following the transaction, the director now directly owns 152,539 shares of the company’s stock, valued at approximately $11,002,638.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Diana B. Sorfleet sold 36,836 shares of CSX stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $75.30, for a total value of $2,773,750.80. Following the transaction, the chief accounting officer now directly owns 59,064 shares in the company, valued at $4,447,519.20. The disclosure for this sale can be found here. Insiders have sold a total of 82,336 shares of company stock worth $6,140,916 over the last ninety days. Company insiders own 0.58% of the company’s stock.
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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