Invesco LLC raised its holdings in CSX Corporation (NASDAQ:CSX - Free Report) by 104.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,184 shares of the transportation company's stock after purchasing an additional 15,934 shares during the period. Invesco LLC's holdings in CSX were worth $918,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of CSX. Brighton Jones LLC grew its holdings in CSX by 5.5% during the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock valued at $525,000 after buying an additional 849 shares in the last quarter. Sigma Planning Corp boosted its position in shares of CSX by 3.8% in the fourth quarter. Sigma Planning Corp now owns 49,504 shares of the transportation company's stock valued at $1,597,000 after acquiring an additional 1,817 shares during the period. Wealthspire Advisors LLC boosted its position in shares of CSX by 7.5% in the fourth quarter. Wealthspire Advisors LLC now owns 28,948 shares of the transportation company's stock valued at $934,000 after acquiring an additional 2,021 shares during the period. Howard Capital Management Inc. increased its holdings in CSX by 3.1% during the 4th quarter. Howard Capital Management Inc. now owns 57,852 shares of the transportation company's stock worth $1,867,000 after acquiring an additional 1,720 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in CSX in the 4th quarter worth approximately $1,309,000. Institutional investors own 73.57% of the company's stock.
CSX Trading Down 0.7%
Shares of CSX stock traded down $0.22 during mid-day trading on Wednesday, reaching $32.26. The stock had a trading volume of 1,682,356 shares, compared to its average volume of 13,264,910. The firm has a market capitalization of $60.61 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 2.84 and a beta of 1.24. The stock's 50-day moving average price is $30.34 and its two-hundred day moving average price is $31.07. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. CSX Corporation has a 52-week low of $26.22 and a 52-week high of $37.10.
CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings results 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 business 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%. Equities analysts expect that CSX Corporation will post 1.83 earnings per share for the current fiscal year.
CSX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.61%. CSX's dividend payout ratio is currently 31.14%.
Analyst Ratings Changes
CSX has been the subject of a number of recent analyst reports. Bank of America boosted their price target on shares of CSX from $33.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday, June 13th. Raymond James Financial restated an "outperform" rating and set a $33.00 target price (down from $34.00) on shares of CSX in a research report on Thursday, April 17th. Stifel Nicolaus decreased their target price on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Citigroup lowered their price objective on shares of CSX from $39.00 to $36.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Susquehanna reiterated a "neutral" rating and issued a $35.00 price objective on shares of CSX in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $34.14.
Check Out Our Latest Stock 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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