CSX Co. (NASDAQ:CSX) Position Increased by JustInvest LLC


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JustInvest LLC boosted its holdings in shares of CSX Co. (NASDAQ:CSX) by 95.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,157 shares of the transportation company’s stock after buying an additional 6,903 shares during the quarter. JustInvest LLC’s holdings in CSX were worth $1,365,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of CSX in the fourth quarter valued at about $666,341,000. Egerton Capital UK LLP acquired a new stake in shares of CSX in the fourth quarter valued at approximately $593,993,000. Fisher Asset Management LLC grew its holdings in CSX by 5.9% during the 1st quarter. Fisher Asset Management LLC now owns 5,166,958 shares of the transportation company’s stock worth $498,198,000 after acquiring an additional 287,193 shares during the period. Morgan Stanley grew its holdings in shares of CSX by 49.3% in the 4th quarter. Morgan Stanley now owns 3,787,872 shares of the transportation company’s stock valued at $343,749,000 after buying an additional 1,251,547 shares during the period. Finally, Alliancebernstein L.P. lifted its position in CSX by 19.4% during the 4th quarter. Alliancebernstein L.P. now owns 3,568,197 shares of the transportation company’s stock worth $323,814,000 after buying an additional 578,571 shares in the last quarter. 73.75% of the stock is currently owned by institutional investors.

CSX stock traded down $0.05 during mid-day trading on Tuesday, hitting $101.33. The company had a trading volume of 43,393 shares, compared to its average volume of 3,850,894. The firm has a market cap of $76.75 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 3.00 and a beta of 1.18. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.73 and a current ratio of 1.84. CSX Co. has a 12 month low of $60.00 and a 12 month high of $103.74. The stock’s fifty day moving average price is $97.56 and its two-hundred day moving average price is $91.34.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Monday, April 19th. The transportation company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.02). The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.80 billion. CSX had a return on equity of 22.83% and a net margin of 26.08%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. Equities analysts anticipate that CSX Co. will post 3.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were given a dividend of $0.28 per share. This is an increase from CSX’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, February 25th. CSX’s payout ratio is presently 26.86%.

CSX has been the topic of a number of research reports. BMO Capital Markets upgraded shares of CSX from a “market perform” rating to an “outperform” rating and upped their price target for the company from $95.00 to $110.00 in a research note on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft upped their price target on shares of CSX from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, April 27th. Cowen upped their price target on shares of CSX from $84.00 to $91.00 and gave the stock a “market perform” rating in a report on Friday, January 22nd. Argus increased their price objective on shares of CSX from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 25th. Finally, Credit Suisse Group dropped their price objective on shares of CSX from $114.00 to $113.00 and set an “outperform” rating for the company in a research note on Friday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $94.70.

In related news, Director Paul C. Hilal sold 1,411,705 shares of the stock in a transaction dated Wednesday, April 28th. The shares were sold at an average price of $100.93, for a total transaction of $142,483,385.65. Following the sale, the director now directly owns 12,399 shares of the company’s stock, valued at approximately $1,251,431.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David M. Moffett sold 5,819 shares of the stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $101.93, for a total transaction of $593,130.67. The disclosure for this sale can be found here. Insiders sold a total of 2,001,520 shares of company stock worth $201,920,643 over the last ninety days. Insiders own 0.58% of the company’s stock.

CSX Company Profile

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 transports chemicals, agricultural and food products, automotive, minerals, 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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