Edgestream Partners L.P. purchased a new stake in shares of CSX Corporation (NASDAQ:CSX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 268,669 shares of the transportation company's stock, valued at approximately $7,907,000.
Other institutional investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC boosted its position in CSX by 18.0% during the first quarter. Bleakley Financial Group LLC now owns 81,483 shares of the transportation company's stock worth $2,398,000 after purchasing an additional 12,438 shares during the period. LRI Investments LLC boosted its position in CSX by 4.8% during the first quarter. LRI Investments LLC now owns 8,254 shares of the transportation company's stock worth $243,000 after purchasing an additional 375 shares during the period. CWM LLC boosted its position in CSX by 5.7% during the first quarter. CWM LLC now owns 104,588 shares of the transportation company's stock worth $3,078,000 after purchasing an additional 5,614 shares during the period. Stephens Inc. AR boosted its position in CSX by 2.0% during the first quarter. Stephens Inc. AR now owns 116,823 shares of the transportation company's stock worth $3,438,000 after purchasing an additional 2,333 shares during the period. Finally, Arizona State Retirement System boosted its position in CSX by 1.5% during the first quarter. Arizona State Retirement System now owns 565,850 shares of the transportation company's stock worth $16,653,000 after purchasing an additional 8,451 shares during the period. Institutional investors own 73.57% of the company's stock.
CSX Trading Up 2.9%
NASDAQ:CSX traded up $0.97 during midday trading on Thursday, reaching $34.23. 14,591,639 shares of the stock traded hands, compared to its average volume of 13,422,396. The company has a fifty day moving average of $32.05 and a 200 day moving average of $31.13. CSX Corporation has a 12 month low of $26.22 and a 12 month high of $37.10. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.88. The stock has a market capitalization of $64.29 billion, a P/E ratio of 20.52, a PEG ratio of 3.00 and a beta of 1.23.
CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. CSX had a net margin of 22.66% and a return on equity of 26.42%. On average, research analysts predict that CSX Corporation will post 1.83 EPS for the current year.
CSX Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.52%. CSX's payout ratio is currently 31.14%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Stifel Nicolaus cut their price objective on shares of CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group cut their price objective on shares of CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Robert W. Baird assumed coverage on shares of CSX in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $38.00 price objective for the company. Evercore ISI dropped their target price on shares of CSX from $35.00 to $33.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, Baird R W upgraded shares of CSX to a "strong-buy" rating in a research report on Tuesday, July 1st. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.14.
View 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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