46,969 Shares in CSX Corporation $CSX Purchased by Ancora Advisors LLC

Ancora Advisors LLC acquired a new stake in shares of CSX Corporation (NASDAQ:CSX - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 46,969 shares of the transportation company's stock, valued at approximately $2,232,000.

Other institutional investors also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC acquired a new position in shares of CSX during the 2nd quarter valued at about $693,000. Canada Post Corp Registered Pension Plan increased its position in CSX by 34.2% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 96,484 shares of the transportation company's stock worth $3,498,000 after purchasing an additional 24,566 shares during the last quarter. M. Kulyk & Associates LLC acquired a new stake in CSX during the second quarter worth about $8,145,000. Wealthfront Advisers LLC purchased a new position in CSX during the second quarter worth about $7,609,000. Finally, First National Bank of Omaha purchased a new position in CSX during the second quarter worth about $6,248,000. Institutional investors own 73.57% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Stifel Nicolaus set a $54.00 target price on shares of CSX in a report on Thursday, July 23rd. TD Cowen raised their price target on shares of CSX from $46.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Evercore set a $51.00 price target on shares of CSX in a research report on Thursday, July 23rd. Bank of America upped their price objective on CSX from $53.00 to $56.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on CSX from $56.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $51.31.

Insider Transactions at CSX

In other CSX news, SVP Michael S. Burns sold 13,000 shares of CSX stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $52.68, for a total value of $684,840.00. Following the completion of the transaction, the senior vice president directly owned 59,643 shares of the company's stock, valued at $3,141,993.24. The trade was a 17.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevin S. Boone sold 136,708 shares of the business's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the sale, the chief financial officer owned 208,622 shares in the company, valued at $9,742,647.40. This trade represents a 39.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 189,708 shares of company stock valued at $9,132,304. Insiders own 0.30% of the company's stock.

CSX Stock Performance

Shares of CSX stock opened at $51.76 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82. The firm has a market cap of $95.88 billion, a P/E ratio of 29.92, a P/E/G ratio of 2.35 and a beta of 1.21. The firm's 50 day moving average price is $49.68 and its 200-day moving average price is $45.45. CSX Corporation has a one year low of $31.80 and a one year high of $53.60.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. CSX had a net margin of 22.21% and a return on equity of 24.98%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the firm earned $0.44 EPS. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities research analysts predict that CSX Corporation will post 2 EPS for the current year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, August 31st. CSX's dividend payout ratio (DPR) is 32.37%.

CSX Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX's freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.

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