CSX (NASDAQ:CSX) Director John Zillmer Sells 10,000 Shares

CSX Corporation (NASDAQ:CSX) Director John Zillmer sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total value of $464,500.00. Following the completion of the transaction, the director owned 353,714 shares of the company’s stock, valued at approximately $16,430,015.30. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CSX Trading Down 0.5%

Shares of NASDAQ:CSX opened at $46.23 on Friday. CSX Corporation has a 52-week low of $31.64 and a 52-week high of $47.25. The stock has a market cap of $85.90 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.41 and a beta of 1.22. The company has a quick ratio of 0.83, a current ratio of 0.97 and a debt-to-equity ratio of 1.34. The business has a 50-day moving average price of $43.98 and a 200-day moving average price of $40.05.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. CSX had a return on equity of 24.47% and a net margin of 21.55%.The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts predict that CSX Corporation will post 1.9 EPS for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. CSX’s dividend payout ratio (DPR) is 34.36%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CSX. Rothschild & Co Redburn raised their target price on CSX from $45.50 to $47.50 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Citigroup reaffirmed a “neutral” rating and set a $46.00 target price (up from $44.00) on shares of CSX in a report on Thursday, April 23rd. Jefferies Financial Group raised their target price on CSX from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Royal Bank Of Canada raised their target price on CSX from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, TD Cowen raised their target price on CSX from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus price target of $45.98.

Institutional Trading of CSX

Institutional investors have recently bought and sold shares of the business. Rathbones Group PLC boosted its stake in shares of CSX by 20.6% in the third quarter. Rathbones Group PLC now owns 207,454 shares of the transportation company’s stock worth $7,367,000 after acquiring an additional 35,403 shares during the last quarter. Canada Post Corp Registered Pension Plan boosted its stake in shares of CSX by 34.2% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 96,484 shares of the transportation company’s stock worth $3,498,000 after acquiring an additional 24,566 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of CSX by 81.9% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 944,946 shares of the transportation company’s stock worth $33,555,000 after acquiring an additional 425,395 shares during the last quarter. Reaves W H & Co. Inc. acquired a new stake in shares of CSX in the third quarter worth approximately $5,326,000. Finally, SOA Wealth Advisors LLC. boosted its stake in shares of CSX by 26.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 111,914 shares of the transportation company’s stock worth $4,057,000 after acquiring an additional 23,072 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Company Profile

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.