HM Payson & Co. Has $12.03 Million Stake in CSX Co. (NASDAQ:CSX)

HM Payson & Co. trimmed its stake in CSX Co. (NASDAQ:CSXFree Report) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 348,471 shares of the transportation company’s stock after selling 3,220 shares during the period. HM Payson & Co.’s holdings in CSX were worth $12,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Financial Partners LLC grew its holdings in CSX by 44.7% during the 3rd quarter. Catalyst Financial Partners LLC now owns 20,297 shares of the transportation company’s stock worth $701,000 after acquiring an additional 6,266 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its holdings in CSX by 8.3% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 255,765 shares of the transportation company’s stock worth $8,832,000 after acquiring an additional 19,642 shares during the period. First Trust Direct Indexing L.P. grew its holdings in CSX by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 63,317 shares of the transportation company’s stock worth $2,186,000 after acquiring an additional 4,266 shares during the period. Pathway Financial Advisers LLC grew its holdings in CSX by 3,325.7% during the 3rd quarter. Pathway Financial Advisers LLC now owns 459,006 shares of the transportation company’s stock worth $15,849,000 after acquiring an additional 445,607 shares during the period. Finally, Childress Capital Advisors LLC grew its holdings in CSX by 6.3% during the 3rd quarter. Childress Capital Advisors LLC now owns 6,742 shares of the transportation company’s stock worth $233,000 after acquiring an additional 397 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSX. Evercore ISI decreased their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. TD Cowen reduced their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada reduced their target price on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Loop Capital reduced their target price on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Sanford C. Bernstein raised their price target on shares of CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.61.

Read Our Latest Report on CSX

CSX Price Performance

NASDAQ CSX traded up $0.07 on Thursday, reaching $33.61. The company had a trading volume of 375,988 shares, compared to its average volume of 11,588,266. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $65.71 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. The firm’s 50 day moving average price is $34.01 and its 200 day moving average price is $33.81. CSX Co. has a 12 month low of $29.28 and a 12 month high of $40.12.

CSX (NASDAQ:CSXGet Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.52% and a return on equity of 29.11%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. As a group, equities analysts predict that CSX Co. will post 1.93 earnings per share for the current year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. CSX’s dividend payout ratio is presently 26.37%.

CSX Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSX Co. (NASDAQ:CSXFree Report).

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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.