Integrated Investment Consultants LLC reduced its stake in shares of CSX Co. (NASDAQ:CSX) by 5.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,200 shares of the transportation company’s stock after selling 350 shares during the period. Integrated Investment Consultants LLC’s holdings in CSX were worth $429,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of CSX. Krane Funds Advisors LLC purchased a new stake in shares of CSX during the second quarter worth about $25,000. SRS Capital Advisors Inc. purchased a new stake in shares of CSX in the 2nd quarter worth about $32,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of CSX by 88.5% in the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 426 shares of the transportation company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Kavar Capital Partners LLC purchased a new stake in shares of CSX in the 2nd quarter worth about $35,000. Finally, FNY Investment Advisers LLC purchased a new position in CSX in the 2nd quarter valued at about $36,000. 75.62% of the stock is owned by hedge funds and other institutional investors.
In other CSX news, Director Ridge Lp Mantle sold 3,453,894 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $67.91, for a total value of $234,553,941.54. Following the completion of the sale, the director now owns 8,263 shares of the company’s stock, valued at $561,140.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.83% of the stock is owned by company insiders.
CSX traded up $0.22 on Tuesday, reaching $70.97. 1,505,413 shares of the company’s stock were exchanged, compared to its average volume of 5,605,099. The company’s 50 day moving average is $68.71 and its 200-day moving average is $72.94. The company has a market cap of $55.35 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.29 and a beta of 1.24. CSX Co. has a twelve month low of $58.47 and a twelve month high of $80.73. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.41.
CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, October 16th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.98 billion. CSX had a net margin of 27.91% and a return on equity of 27.67%. The company’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. Sell-side analysts forecast that CSX Co. will post 4.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.35%. The ex-dividend date is Wednesday, November 27th. CSX’s dividend payout ratio (DPR) is 25.00%.
A number of research analysts have issued reports on CSX shares. BidaskClub upgraded shares of CSX from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Credit Suisse Group upped their target price on shares of CSX from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Stephens lowered shares of CSX from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $86.00 to $79.00 in a report on Wednesday, July 17th. Argus set a $82.00 target price on shares of CSX and gave the company a “buy” rating in a report on Friday. Finally, Bank of America reduced their target price on shares of CSX from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $78.21.
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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