Brookwood Investment Group LLC bought a new position in CSX Corporation (NASDAQ:CSX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,817 shares of the transportation company's stock, valued at approximately $524,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of CSX by 14.7% in the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock worth $3,794,000 after acquiring an additional 15,029 shares in the last quarter. CWA Asset Management Group LLC raised its position in CSX by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 12,514 shares of the transportation company's stock worth $368,000 after purchasing an additional 1,642 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in CSX by 9.8% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 38,757 shares of the transportation company's stock worth $1,141,000 after purchasing an additional 3,458 shares during the last quarter. Farther Finance Advisors LLC raised its position in CSX by 61.4% in the 1st quarter. Farther Finance Advisors LLC now owns 14,154 shares of the transportation company's stock worth $418,000 after purchasing an additional 5,382 shares during the last quarter. Finally, Cercano Management LLC bought a new position in CSX in the 4th quarter worth approximately $4,869,000. 73.57% of the stock is owned by institutional investors and hedge funds.
CSX Stock Up 0.8%
CSX stock traded up $0.29 during trading hours on Monday, reaching $36.05. 7,514,123 shares of the stock were exchanged, compared to its average volume of 15,737,487. The firm's 50-day moving average is $32.69 and its 200-day moving average is $31.25. The company has a market cap of $67.20 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.16 and a beta of 1.23. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. CSX Corporation has a 12 month low of $26.22 and a 12 month high of $37.10.
CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.57 billion. CSX had a return on equity of 25.48% and a net margin of 21.92%. The company's revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. On average, equities research analysts expect that CSX Corporation will post 1.83 earnings per share for the current year.
CSX Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, August 29th. CSX's dividend payout ratio (DPR) is presently 32.10%.
Analysts Set New Price Targets
Several research analysts recently weighed in on CSX shares. Baird R W upgraded shares of CSX to a "strong-buy" rating in a research report on Tuesday, July 1st. Barclays boosted their price objective on shares of CSX from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday. Royal Bank Of Canada restated a "sector perform" rating on shares of CSX in a research report on Thursday. Raymond James Financial boosted their price objective on shares of CSX from $33.00 to $37.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Robert W. Baird boosted their price objective on shares of CSX from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.00.
Check Out Our Latest Analysis on CSX
CSX Company Profile
(
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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