Tredje AP fonden trimmed its position in CSX Co. (NASDAQ:CSX) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,300 shares of the transportation company’s stock after selling 3,267 shares during the quarter. Tredje AP fonden’s holdings in CSX were worth $3,208,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in CSX. Janney Montgomery Scott LLC increased its stake in CSX by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 167,657 shares of the transportation company’s stock valued at $12,132,000 after acquiring an additional 9,270 shares during the last quarter. NEXT Financial Group Inc boosted its position in CSX by 16.1% in the fourth quarter. NEXT Financial Group Inc now owns 3,387 shares of the transportation company’s stock valued at $245,000 after buying an additional 470 shares in the last quarter. RFG Advisory LLC boosted its position in CSX by 7.1% in the fourth quarter. RFG Advisory LLC now owns 4,930 shares of the transportation company’s stock valued at $357,000 after buying an additional 328 shares in the last quarter. Balasa Dinverno & Foltz LLC acquired a new stake in CSX in the fourth quarter valued at approximately $232,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in CSX in the fourth quarter valued at approximately $390,000. 73.08% of the stock is currently owned by institutional investors and hedge funds.
In other CSX news, Director Paul C. Hilal sold 700,000 shares of CSX stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $68.31, for a total value of $47,817,000.00. Following the completion of the sale, the director now directly owns 10,489 shares of the company’s stock, valued at $716,503.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.58% of the company’s stock.
CSX stock traded up $0.73 during midday trading on Friday, hitting $68.53. The stock had a trading volume of 2,721,667 shares, compared to its average volume of 4,665,264. The firm has a market cap of $51.90 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a current ratio of 1.73, a quick ratio of 1.61 and a debt-to-equity ratio of 1.39. CSX Co. has a 1-year low of $46.81 and a 1-year high of $80.62. The business has a fifty day moving average price of $63.07 and a two-hundred day moving average price of $69.10.
CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 22nd. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.06. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.88 billion. CSX had a net margin of 27.74% and a return on equity of 27.27%. CSX’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 earnings per share. On average, equities analysts anticipate that CSX Co. will post 3.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, May 28th. CSX’s dividend payout ratio (DPR) is currently 24.94%.
A number of analysts have weighed in on CSX shares. Susquehanna Bancshares cut their target price on shares of CSX from $88.00 to $72.00 and set a “positive” rating on the stock in a research report on Wednesday, April 8th. UBS Group upgraded shares of CSX from a “neutral” rating to a “buy” rating and raised their target price for the company from $63.00 to $80.00 in a research report on Wednesday. Cfra raised their target price on shares of CSX from $68.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Royal Bank of Canada restated a “neutral” rating on shares of CSX in a research report on Wednesday, March 18th. Finally, Barclays restated a “buy” rating and issued a $67.00 target price on shares of CSX in a research report on Tuesday, April 7th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. CSX has a consensus rating of “Hold” and an average price target of $72.43.
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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