Larson Financial Group LLC Has $206,000 Stake in CSX Co. (NASDAQ:CSX)

Larson Financial Group LLC lifted its holdings in CSX Co. (NASDAQ:CSX) by 20.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,957 shares of the transportation company’s stock after acquiring an additional 1,000 shares during the quarter. Larson Financial Group LLC’s holdings in CSX were worth $206,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Interval Partners LP grew its holdings in shares of CSX by 849.0% during the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock worth $171,222,000 after purchasing an additional 4,579,344 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in CSX during the 2nd quarter worth about $116,430,000. Assenagon Asset Management S.A. grew its holdings in CSX by 318.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after acquiring an additional 2,489,329 shares during the last quarter. Wulff Hansen & CO. increased its position in CSX by 3,243.0% in the 2nd quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company’s stock valued at $73,331,000 after acquiring an additional 2,126,668 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of CSX by 38.7% in the second quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock worth $225,917,000 after acquiring an additional 1,884,998 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Loop Capital dropped their target price on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Stephens decreased their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Susquehanna cut their target price on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Thursday, October 17th. Finally, Wells Fargo & Company lowered their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.78.

CSX Stock Performance

Shares of CSX stock opened at $36.58 on Thursday. The company has a market capitalization of $70.54 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19. CSX Co. has a 52 week low of $31.65 and a 52 week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The company’s 50 day moving average price is $34.64 and its two-hundred day moving average price is $33.99.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, analysts expect that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. CSX’s dividend payout ratio is currently 25.81%.

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.