Vanguard Group Inc. grew its holdings in CSX Co. (NASDAQ:CSX – Free Report) by 0.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,149,848 shares of the transportation company’s stock after acquiring an additional 198,212 shares during the quarter. Vanguard Group Inc. owned 8.96% of CSX worth $6,492,805,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of CSX. International Assets Investment Management LLC lifted its position in CSX by 3,241.9% in the fourth quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock worth $8,158,000 after purchasing an additional 228,263 shares during the period. PFG Advisors lifted its position in CSX by 2.1% in the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after purchasing an additional 387 shares during the period. Partners Group Holding AG lifted its position in CSX by 26.8% in the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after purchasing an additional 149,105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CSX by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock worth $25,078,000 after purchasing an additional 34,730 shares during the period. Finally, Sapient Capital LLC bought a new position in CSX in the fourth quarter worth $1,279,000. 73.57% of the stock is owned by institutional investors.
CSX Trading Down 0.9 %
CSX stock traded down $0.33 during midday trading on Friday, reaching $34.69. The stock had a trading volume of 7,383,288 shares, compared to its average volume of 10,859,671. The business has a fifty day simple moving average of $33.46 and a two-hundred day simple moving average of $35.07. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The firm has a market cap of $67.82 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.88 and a beta of 1.20. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12.
CSX (NASDAQ:CSX – Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. As a group, research analysts expect that CSX Co. will post 1.94 EPS for the current fiscal year.
CSX Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, August 30th. CSX’s dividend payout ratio (DPR) is currently 26.37%.
Wall Street Analyst Weigh In
CSX has been the subject of several research reports. Bank of America cut CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a research report on Monday, July 8th. Jefferies Financial Group dropped their price objective on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. UBS Group dropped their price objective on CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Royal Bank of Canada dropped their price objective on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Finally, Stifel Nicolaus increased their price objective on CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and an average price target of $37.39.
CSX Company Profile
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.