CSX Corporation $CSX Shares Purchased by Sapient Capital LLC

Sapient Capital LLC boosted its holdings in CSX Corporation (NASDAQ:CSXFree Report) by 142.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,752 shares of the transportation company’s stock after acquiring an additional 13,955 shares during the quarter. Sapient Capital LLC’s holdings in CSX were worth $1,129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Syon Capital LLC lifted its holdings in CSX by 4.3% in the 2nd quarter. Syon Capital LLC now owns 29,275 shares of the transportation company’s stock valued at $1,391,000 after acquiring an additional 1,195 shares during the last quarter. denkapparat Operations GmbH bought a new stake in shares of CSX in the 2nd quarter worth approximately $748,000. TD Waterhouse Canada Inc. raised its holdings in shares of CSX by 61.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 810,318 shares of the transportation company’s stock worth $39,177,000 after purchasing an additional 309,145 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in CSX by 8.8% during the second quarter. Premier Path Wealth Partners LLC now owns 22,818 shares of the transportation company’s stock valued at $1,085,000 after purchasing an additional 1,850 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in CSX by 15.4% during the second quarter. Concurrent Investment Advisors LLC now owns 56,642 shares of the transportation company’s stock valued at $2,692,000 after purchasing an additional 7,550 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Up 0.9%

Shares of NASDAQ:CSX opened at $49.41 on Friday. The firm has a 50 day simple moving average of $50.16 and a 200 day simple moving average of $45.86. CSX Corporation has a 52 week low of $31.80 and a 52 week high of $53.60. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82. The company has a market cap of $91.53 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21.

CSX (NASDAQ:CSXGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, topping 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 firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the company posted $0.44 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts expect that CSX Corporation will post 2 earnings per share for the current year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, August 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. CSX’s payout ratio is currently 32.37%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CSX shares. JPMorgan Chase & Co. lifted their price target on shares of CSX from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Stifel Nicolaus set a $54.00 target price on CSX in a report on Thursday, July 23rd. Weiss Ratings raised CSX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $32.00 target price on CSX and gave the company an “underweight” rating in a report on Monday, July 6th. Finally, Citizens Jmp began coverage on CSX in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.31.

View Our Latest Stock Analysis on CSX

Insider Buying and Selling at CSX

In related news, CAO Angela Williams sold 30,000 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $53.29, for a total value of $1,598,700.00. Following the completion of the sale, the chief accounting officer directly owned 10,437 shares of the company’s stock, valued at approximately $556,187.73. This represents a 74.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Burns sold 13,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $52.68, for a total value of $684,840.00. Following the sale, the senior vice president owned 59,643 shares of the company’s stock, valued at $3,141,993.24. The trade was a 17.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by insiders.

CSX Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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