EJMK Ventures LLC Purchases Shares of 10,896 CSX Corporation $CSX

EJMK Ventures LLC acquired a new position in shares of CSX Corporation (NASDAQ:CSX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,896 shares of the transportation company’s stock, valued at approximately $518,000.

A number of other institutional investors also recently made changes to their positions in CSX. Cohen & Steers Inc. increased its stake in shares of CSX by 1.2% during the fourth quarter. Cohen & Steers Inc. now owns 8,282,107 shares of the transportation company’s stock worth $300,226,000 after purchasing an additional 98,977 shares during the period. Captrust Financial Advisors boosted its stake in CSX by 4.4% in the 4th quarter. Captrust Financial Advisors now owns 423,312 shares of the transportation company’s stock valued at $15,345,000 after purchasing an additional 18,025 shares during the period. Miller Howard Investments Inc. NY boosted its stake in CSX by 6.8% in the 1st quarter. Miller Howard Investments Inc. NY now owns 238,817 shares of the transportation company’s stock valued at $9,803,000 after purchasing an additional 15,310 shares during the period. Knights of Columbus Asset Advisors LLC grew its holdings in CSX by 2.4% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 189,288 shares of the transportation company’s stock valued at $6,862,000 after buying an additional 4,476 shares in the last quarter. Finally, Pinebridge Investments LLC acquired a new position in CSX in the 4th quarter valued at $5,979,000. Institutional investors own 73.57% of the company’s stock.

Insider Activity at CSX

In related news, Director John J. Zillmer sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $46.45, for a total transaction of $464,500.00. Following the completion of the transaction, the director directly owned 353,714 shares in the company, valued at $16,430,015.30. This represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Angela C. Williams sold 30,000 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $53.29, for a total transaction of $1,598,700.00. Following the completion of the transaction, the chief accounting officer directly owned 10,437 shares of the company’s stock, valued at approximately $556,187.73. The trade was a 74.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 189,708 shares of company stock valued at $9,132,304. Company insiders own 0.30% of the company’s stock.

CSX Trading Up 0.0%

Shares of CSX opened at $50.16 on Friday. CSX Corporation has a 52-week low of $31.80 and a 52-week high of $53.60. The business’s fifty day moving average is $49.02 and its 200-day moving average is $44.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82. The firm has a market cap of $92.92 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.29 and a beta of 1.21.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. CSX had a return on equity of 24.98% and a net margin of 22.21%.The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the company earned $0.44 EPS. CSX’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts anticipate that CSX Corporation will post 2 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. CSX’s dividend payout ratio (DPR) is presently 32.37%.

Wall Street Analyst Weigh In

CSX has been the subject of a number of research reports. Wall Street Zen downgraded CSX from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. upped their price target on shares of CSX from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating and set a $56.00 price target on shares of CSX in a research report on Monday, July 13th. New Street Research set a $49.00 price objective on shares of CSX in a research note on Thursday, April 23rd. Finally, Argus set a $56.00 price objective on shares of CSX in a report on Friday, July 31st. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.31.

About CSX

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.