MainStreet Investment Advisors LLC raised its stake in CSX Co. (NASDAQ:CSX) by 121.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,066 shares of the transportation company’s stock after buying an additional 6,066 shares during the period. MainStreet Investment Advisors LLC’s holdings in CSX were worth $634,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the business. Sepio Capital LLC raised its stake in CSX by 1.0% during the 4th quarter. Sepio Capital LLC now owns 14,077 shares of the transportation company’s stock valued at $1,019,000 after purchasing an additional 133 shares during the period. Augustine Asset Management Inc. raised its stake in CSX by 0.5% during the 4th quarter. Augustine Asset Management Inc. now owns 29,100 shares of the transportation company’s stock valued at $2,106,000 after purchasing an additional 133 shares during the period. Asset Dedication LLC raised its stake in CSX by 22.3% during the 4th quarter. Asset Dedication LLC now owns 734 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 134 shares during the period. Brinker Capital Inc. raised its stake in CSX by 0.7% during the 4th quarter. Brinker Capital Inc. now owns 21,267 shares of the transportation company’s stock valued at $1,539,000 after purchasing an additional 156 shares during the period. Finally, Sfmg LLC raised its stake in CSX by 0.3% during the 4th quarter. Sfmg LLC now owns 68,720 shares of the transportation company’s stock valued at $4,973,000 after purchasing an additional 175 shares during the period. 73.08% of the stock is currently owned by institutional investors.
In related news, Director Paul C. Hilal sold 700,000 shares of the stock in a transaction dated 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 transaction, the director now owns 10,489 shares of the company’s stock, valued at $716,503.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.58% of the company’s stock.
Shares of CSX traded up $0.73 during trading hours on Friday, reaching $68.53. 2,721,667 shares of the company traded hands, compared to its average volume of 4,665,264. The stock’s fifty day moving average is $63.07 and its 200 day moving average is $69.10. The stock 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 debt-to-equity ratio of 1.39, a quick ratio of 1.61 and a current ratio of 1.73. CSX Co. has a 1-year low of $46.81 and a 1-year high of $80.62.
CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.06. CSX had a net margin of 27.74% and a return on equity of 27.27%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities research analysts predict that CSX Co. will post 3.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, May 28th. CSX’s dividend payout ratio (DPR) is presently 24.94%.
Several analysts have issued reports on the stock. Wells Fargo & Co boosted their target price on shares of CSX from $66.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday. Cowen restated a “neutral” rating on shares of CSX in a report on Thursday, April 23rd. Barclays restated a “buy” rating and set a $67.00 price target on shares of CSX in a report on Tuesday, April 7th. Deutsche Bank lowered their price target on shares of CSX from $90.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, Wolfe Research upgraded shares of CSX from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Friday, March 27th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. CSX presently has an average rating of “Hold” and an average target price 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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