Eisler Capital Management Ltd. bought a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 497,913 shares of the transportation company's stock, valued at approximately $16,008,000. CSX makes up about 0.1% of Eisler Capital Management Ltd.'s investment portfolio, making the stock its 11th largest holding.
A number of other institutional investors and hedge funds have also recently modified their holdings of CSX. Franklin Resources Inc. boosted its holdings in shares of CSX by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,350,289 shares of the transportation company's stock valued at $47,652,000 after acquiring an additional 113,530 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of CSX by 3.4% in the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company's stock valued at $81,095,000 after acquiring an additional 77,488 shares during the period. Fulton Bank N.A. boosted its holdings in shares of CSX by 1.2% in the fourth quarter. Fulton Bank N.A. now owns 30,505 shares of the transportation company's stock valued at $984,000 after acquiring an additional 349 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of CSX by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 882,838 shares of the transportation company's stock valued at $30,484,000 after acquiring an additional 15,801 shares during the period. Finally, Franklin Street Advisors Inc. NC acquired a new stake in shares of CSX in the fourth quarter valued at approximately $251,000. Institutional investors and hedge funds own 73.57% of the company's stock.
CSX Price Performance
Shares of NASDAQ CSX traded down $0.22 during midday trading on Friday, hitting $28.74. The company had a trading volume of 9,630,144 shares, compared to its average volume of 12,744,698. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a twelve month low of $26.22 and a twelve month high of $37.10. The business has a 50-day simple moving average of $28.78 and a two-hundred day simple moving average of $31.84. The firm has a market capitalization of $53.99 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.
CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. Equities research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.
CSX Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio (DPR) is 31.14%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on CSX shares. Loop Capital downgraded CSX from a "buy" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $34.00 in a report on Monday, February 3rd. Argus set a $32.00 price objective on CSX in a report on Friday, April 25th. Susquehanna decreased their price objective on CSX from $37.00 to $35.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Robert W. Baird decreased their price objective on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Finally, Bank of America decreased their price objective on CSX from $33.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $33.86.
Read Our Latest Research Report on CSX
About CSX
(
Free Report)
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.
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