Phoenix Financial Ltd. bought a new stake in shares of CSX Corporation (NASDAQ:CSX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,648 shares of the transportation company's stock, valued at approximately $225,000.
Several other institutional investors and hedge funds also recently made changes to their positions in CSX. Portside Wealth Group LLC raised its stake in CSX by 1.3% during the 1st quarter. Portside Wealth Group LLC now owns 27,335 shares of the transportation company's stock worth $804,000 after buying an additional 361 shares during the period. Ullmann Wealth Partners Group LLC raised its stake in CSX by 1.3% during the 1st quarter. Ullmann Wealth Partners Group LLC now owns 29,276 shares of the transportation company's stock worth $862,000 after buying an additional 363 shares during the period. Family Legacy Inc. raised its stake in shares of CSX by 0.6% in the fourth quarter. Family Legacy Inc. now owns 68,009 shares of the transportation company's stock worth $2,190,000 after purchasing an additional 375 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of CSX by 4.8% in the first quarter. LRI Investments LLC now owns 8,254 shares of the transportation company's stock valued at $243,000 after purchasing an additional 375 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. grew its holdings in CSX by 1.2% during the first quarter. Patrick M Sweeney & Associates Inc. now owns 32,205 shares of the transportation company's stock worth $948,000 after buying an additional 378 shares in the last quarter. Institutional investors own 73.57% of the company's stock.
CSX Trading Up 0.2%
Shares of CSX traded up $0.06 during trading hours on Wednesday, hitting $35.48. The company had a trading volume of 3,438,507 shares, compared to its average volume of 15,939,838. CSX Corporation has a 52-week low of $26.22 and a 52-week high of $37.10. The firm has a market cap of $66.14 billion, a P/E ratio of 21.92, a P/E/G ratio of 2.67 and a beta of 1.23. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.50. The stock's 50 day moving average price is $32.86 and its 200 day moving average price is $31.31.
CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. CSX had a return on equity of 25.48% and a net margin of 21.92%. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the business earned $0.49 EPS. CSX's revenue was down 3.5% compared to the same quarter last year. On average, research analysts predict that CSX Corporation will post 1.83 EPS for the current year.
CSX Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.47%. CSX's dividend payout ratio is presently 32.10%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on CSX. Evercore ISI dropped their price target on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group decreased their target price on CSX from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company boosted their target price on CSX from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada restated a "sector perform" rating on shares of CSX in a research note on Thursday, July 24th. Finally, Raymond James Financial boosted their target price on CSX from $33.00 to $37.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.00.
Get 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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