M. Kulyk & Associates LLC acquired a new stake in CSX Corporation (NASDAQ:CSX – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 171,361 shares of the transportation company’s stock, valued at approximately $8,145,000. CSX accounts for 1.3% of M. Kulyk & Associates LLC’s investment portfolio, making the stock its 28th largest position.
Several other large investors have also bought and sold shares of CSX. N.E.W. Advisory Services LLC acquired a new position in CSX during the 2nd quarter worth about $27,000. 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 during the period. Meeder Asset Management Inc. acquired a new stake in shares of CSX in the second quarter valued at about $34,000. Allied Private Wealth LLC bought a new position in shares of CSX during the second quarter worth about $37,000. Finally, Wilkerson Advisory Group LLC raised its position in shares of CSX by 97.4% during the first quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock worth $34,000 after acquiring an additional 409 shares during the last quarter. 73.57% of the stock is owned by institutional investors.
CSX Trading Down 0.7%
Shares of CSX stock opened at $50.24 on Wednesday. The company has a market cap of $93.07 billion, a P/E ratio of 29.04, a PEG ratio of 2.29 and a beta of 1.21. The stock has a 50 day simple moving average of $49.14 and a two-hundred day simple moving average of $44.92. 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 fifty-two week low of $31.80 and a fifty-two week high of $53.60.
CSX Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. CSX’s payout ratio is presently 32.37%.
Analyst Upgrades and Downgrades
CSX has been the topic of several analyst reports. Jefferies Financial Group upped their target price on CSX from $50.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Stifel Nicolaus set a $54.00 price target on shares of CSX in a report on Thursday, July 23rd. Evercore set a $51.00 price target on shares of CSX in a research report on Thursday, July 23rd. Citigroup upped their price objective on shares of CSX from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Morgan Stanley set a $32.00 price objective on shares of CSX and gave the stock an “underweight” rating in a research report on Monday, July 6th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.31.
View Our Latest Stock Analysis on CSX
Insider Activity at CSX
In related news, CAO Angela C. Williams sold 30,000 shares of the stock in a transaction 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 directly owned 10,437 shares of the company’s stock, valued at $556,187.73. This represents a 74.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin S. Boone sold 136,708 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the completion of the sale, the chief financial officer owned 208,622 shares of the company’s stock, valued at $9,742,647.40. The trade was a 39.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 189,708 shares of company stock worth $9,132,304 over the last quarter. 0.30% of the stock is currently owned by insiders.
CSX Company Profile
CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.
CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.
Read More
- Five stocks we like better than CSX
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.
