WINTON GROUP Ltd grew its position in shares of CSX Corporation (NASDAQ:CSX – Free Report) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 611,138 shares of the transportation company’s stock after buying an additional 15,029 shares during the quarter. CSX makes up about 0.9% of WINTON GROUP Ltd’s investment portfolio, making the stock its 11th biggest position. WINTON GROUP Ltd’s holdings in CSX were worth $29,047,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Archer Investment Corp bought a new position in shares of CSX in the second quarter valued at approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in CSX during the 2nd quarter valued at $27,000. Pin Oak Investment Advisors Inc. bought a new position in CSX in the 2nd quarter valued at $29,000. Manning & Napier Advisors LLC bought a new stake in shares of CSX during the second quarter worth $30,000. Finally, Arlington Trust Co LLC increased its stake in shares of CSX by 58.0% in the second quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock valued at $32,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have commented on CSX. Stifel Nicolaus set a $54.00 price objective on shares of CSX in a report on Thursday, July 23rd. Benchmark reaffirmed a “buy” rating and issued a $54.00 target price (up from $48.00) on shares of CSX in a research note on Wednesday, July 15th. Bank of America upped their target price on shares of CSX from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Susquehanna raised shares of CSX from a “neutral” rating to a “positive” rating and raised their price target for the company from $50.00 to $58.00 in a report on Tuesday, July 14th. Finally, TD Cowen boosted their price objective on shares of CSX from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average price target of $51.31.
Insider Transactions at CSX
In related news, CAO Angela C. Williams sold 30,000 shares of CSX stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $53.29, for a total transaction of $1,598,700.00. Following the transaction, the chief accounting officer owned 10,437 shares of the company’s stock, valued at $556,187.73. This trade represents a 74.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael S. Burns sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $52.68, for a total transaction of $684,840.00. Following the transaction, the senior vice president owned 59,643 shares of the company’s stock, valued at approximately $3,141,993.24. This represents a 17.90% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by company insiders.
CSX Price Performance
Shares of CSX stock opened at $48.37 on Thursday. The firm’s 50 day moving average price is $50.22 and its two-hundred day moving average price is $46.05. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82. CSX Corporation has a 52-week low of $31.80 and a 52-week high of $53.60. The stock has a market cap of $89.60 billion, a PE ratio of 27.96, a PEG ratio of 2.30 and a beta of 1.21.
CSX (NASDAQ:CSX – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. CSX had a net margin of 22.21% and a return on equity of 24.98%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts forecast that CSX Corporation will post 2 EPS for the current year.
CSX Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.56 annualized dividend and a yield of 1.2%. CSX’s dividend payout ratio is presently 32.37%.
CSX Profile
CSX Corporation (NASDAQ: CSX) is a transportation company that operates one of the largest rail networks in the eastern United States. Through its CSX Transportation subsidiary, the company provides rail freight transportation and logistics services for manufacturers, distributors, utilities, agricultural businesses and other commercial customers.
CSX transports a broad range of products, including chemicals, agricultural and food products, minerals, forest products, metals, automobiles and consumer goods.
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