Rosenberg Matthew Hamilton Has $180,000 Position in CSX Corporation $CSX

Rosenberg Matthew Hamilton reduced its holdings in shares of CSX Corporation (NASDAQ:CSX) by 23.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,528 shares of the transportation company’s stock after selling 1,720 shares during the period. Rosenberg Matthew Hamilton’s holdings in CSX were worth $180,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CSX. Rossby Financial LCC acquired a new stake in shares of CSX during the 1st quarter valued at about $28,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of CSX during the first quarter worth approximately $30,000. Kessler Investment Group LLC acquired a new position in shares of CSX during the first quarter worth approximately $32,000. Cornerstone Planning Group LLC lifted its position in shares of CSX by 45.8% during the first quarter. Cornerstone Planning Group LLC now owns 1,414 shares of the transportation company’s stock worth $39,000 after purchasing an additional 444 shares in the last quarter. Finally, S Bank Fund Management Ltd acquired a new position in shares of CSX during the first quarter worth approximately $45,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Trading Up 0.3%

Shares of NASDAQ CSX opened at $36.24 on Thursday. The company’s 50 day simple moving average is $34.30 and its 200 day simple moving average is $32.32. CSX Corporation has a fifty-two week low of $26.22 and a fifty-two week high of $37.25. The firm has a market capitalization of $67.56 billion, a P/E ratio of 22.37, a P/E/G ratio of 2.83 and a beta of 1.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.57 billion. CSX had a net margin of 21.92% and a return on equity of 25.48%. CSX’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. On average, analysts predict that CSX Corporation will post 1.83 EPS for the current year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.13 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.52 annualized dividend and a yield of 1.4%. CSX’s dividend payout ratio (DPR) is 32.10%.

Wall Street Analyst Weigh In

CSX has been the topic of a number of research reports. Susquehanna reduced their target price on shares of CSX from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, September 25th. Stephens upped their target price on shares of CSX from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Baird R W upgraded shares of CSX to a “strong-buy” rating in a research report on Tuesday, July 1st. Barclays upped their target price on shares of CSX from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Citigroup reiterated a “buy” rating and set a $41.00 target price (up from $40.00) on shares of CSX in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.39.

About CSX

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.