Waratah Capital Advisors Ltd. Purchases 68,712 Shares of CSX Co. (NASDAQ:CSX)

Waratah Capital Advisors Ltd. raised its stake in shares of CSX Co. (NASDAQ:CSXGet Rating) by 34.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,513 shares of the transportation company’s stock after buying an additional 68,712 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in CSX were worth $10,018,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital World Investors lifted its stake in CSX by 4.4% in the 4th quarter. Capital World Investors now owns 184,488,460 shares of the transportation company’s stock valued at $6,936,719,000 after acquiring an additional 7,841,524 shares in the last quarter. BlackRock Inc. raised its stake in shares of CSX by 3.5% during the 4th quarter. BlackRock Inc. now owns 151,615,861 shares of the transportation company’s stock worth $5,700,758,000 after purchasing an additional 5,149,812 shares in the last quarter. State Street Corp raised its stake in shares of CSX by 1.2% during the 4th quarter. State Street Corp now owns 94,594,242 shares of the transportation company’s stock worth $3,556,743,000 after purchasing an additional 1,095,588 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CSX by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 37,512,305 shares of the transportation company’s stock worth $1,407,138,000 after purchasing an additional 692,267 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of CSX during the 4th quarter worth approximately $732,770,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Loop Capital upgraded CSX from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, July 21st. Raymond James dropped their price target on CSX from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, July 8th. Cowen dropped their price target on CSX from $39.00 to $37.00 in a research note on Thursday, July 21st. JPMorgan Chase & Co. decreased their price objective on CSX from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, July 12th. Finally, Credit Suisse Group upped their price objective on CSX to $37.00 in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $36.52.

Insider Buying and Selling at CSX

In related news, Director John J. Zillmer sold 16,000 shares of CSX stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $32.25, for a total transaction of $516,000.00. Following the transaction, the director now owns 320,763 shares of the company’s stock, valued at $10,344,606.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.37% of the company’s stock.

CSX Trading Up 0.9 %

Shares of CSX traded up $0.28 during mid-day trading on Friday, reaching $33.11. 11,474,121 shares of the company were exchanged, compared to its average volume of 14,592,627. The business has a 50 day simple moving average of $30.30 and a two-hundred day simple moving average of $33.09. CSX Co. has a 52 week low of $27.59 and a 52 week high of $38.63. The stock has a market capitalization of $70.90 billion, a PE ratio of 18.60, a PEG ratio of 1.72 and a beta of 1.22. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.01 and a current ratio of 1.16.

CSX (NASDAQ:CSXGet Rating) last released its earnings results on Wednesday, July 20th. The transportation company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. CSX had a return on equity of 29.07% and a net margin of 28.24%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. On average, analysts predict that CSX Co. will post 1.88 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.21%. CSX’s dividend payout ratio (DPR) is presently 22.47%.

CSX Company Profile

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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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