Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in CSX Co. (NASDAQ:CSX) by 88.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426 shares of the transportation company’s stock after buying an additional 200 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in CSX were worth $29,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of CSX. TIAA FSB raised its holdings in shares of CSX by 3.3% during the third quarter. TIAA FSB now owns 76,970 shares of the transportation company’s stock worth $5,331,000 after purchasing an additional 2,471 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of CSX in the 3rd quarter worth about $855,000. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of CSX in the 3rd quarter worth about $394,000. Bath Savings Trust Co increased its holdings in shares of CSX by 429.0% in the 3rd quarter. Bath Savings Trust Co now owns 16,662 shares of the transportation company’s stock worth $1,154,000 after acquiring an additional 13,512 shares during the period. Finally, North Star Investment Management Corp. increased its holdings in shares of CSX by 94.3% in the 3rd quarter. North Star Investment Management Corp. now owns 6,111 shares of the transportation company’s stock worth $423,000 after acquiring an additional 2,966 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the stock. ValuEngine lowered shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Morgan Stanley decreased their target price on shares of CSX from $56.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, October 7th. TD Securities decreased their target price on shares of CSX from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Stephens lowered shares of CSX from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $86.00 to $79.00 in a research report on Wednesday, July 17th. Finally, Cowen restated a “market perform” rating and set a $78.00 price objective (down previously from $80.00) on shares of CSX in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $77.82.
Shares of CSX stock opened at $69.05 on Friday. The company’s fifty day simple moving average is $68.00 and its 200-day simple moving average is $73.20. The company has a market cap of $55.11 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.24 and a beta of 1.24. The company has a current ratio of 1.55, a quick ratio of 1.44 and a debt-to-equity ratio of 1.26. CSX Co. has a 1 year low of $58.47 and a 1 year high of $80.73.
CSX (NASDAQ:CSX) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.03). The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.14 billion. CSX had a return on equity of 26.96% and a net margin of 27.87%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. As a group, research analysts forecast that CSX Co. will post 4.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.96 annualized dividend and a dividend yield of 1.39%. CSX’s payout ratio is 25.00%.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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