CSX Co. (NASDAQ:CSX) Stake Increased by Wulff Hansen & CO.

Wulff Hansen & CO. lifted its holdings in CSX Co. (NASDAQ:CSX) by 3,243.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,192,246 shares of the transportation company’s stock after buying an additional 2,126,668 shares during the period. Wulff Hansen & CO. owned about 0.11% of CSX worth $73,331,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Financial Synergies Wealth Advisors Inc. purchased a new stake in CSX in the 1st quarter worth approximately $29,000. MFA Wealth Advisors LLC purchased a new stake in shares of CSX during the second quarter worth $27,000. Valued Wealth Advisors LLC boosted its position in CSX by 172.7% during the first quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 594 shares during the last quarter. Burkett Financial Services LLC purchased a new position in CSX in the fourth quarter valued at about $34,000. Finally, Tortoise Investment Management LLC purchased a new position in CSX in the fourth quarter valued at about $35,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Performance

NASDAQ CSX opened at $33.81 on Tuesday. The company’s fifty day moving average is $33.92 and its two-hundred day moving average is $34.45. The firm has a market capitalization of $66.10 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.77 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.11% and a net margin of 24.52%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that CSX Co. will post 1.93 EPS for the current year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.12 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. CSX’s dividend payout ratio (DPR) is currently 26.37%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CSX shares. Bank of America lowered CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a report on Monday, July 8th. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of CSX in a research report on Wednesday, August 7th. Stephens restated an “overweight” rating and set a $42.00 price target on shares of CSX in a report on Tuesday, August 6th. Sanford C. Bernstein upped their price objective on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Finally, Wells Fargo & Company assumed coverage on CSX in a report on Friday, June 7th. They set an “equal weight” rating and a $35.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

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