Two Sigma Securities LLC Invests $1.15 Million in CSX Corporation $CSX

Two Sigma Securities LLC acquired a new stake in shares of CSX Corporation (NASDAQ:CSX - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 24,258 shares of the transportation company's stock, valued at approximately $1,153,000.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of CSX by 5.5% in the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock worth $525,000 after acquiring an additional 849 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of CSX by 3.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,410 shares of the transportation company's stock valued at $2,428,000 after purchasing an additional 2,281 shares during the last quarter. WFA of San Diego LLC purchased a new position in CSX in the 2nd quarter worth $28,000. Captrust Financial Advisors raised its position in CSX by 0.8% in the 2nd quarter. Captrust Financial Advisors now owns 405,828 shares of the transportation company's stock worth $13,242,000 after purchasing an additional 3,162 shares during the period. Finally, Horizon Investments LLC raised its position in CSX by 22.5% in the 3rd quarter. Horizon Investments LLC now owns 148,355 shares of the transportation company's stock worth $5,268,000 after purchasing an additional 27,280 shares during the period. Institutional investors own 73.57% of the company's stock.

Insider Activity at CSX

In other CSX news, CAO Angela C. Williams sold 30,000 shares of the firm's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $53.29, for a total value of $1,598,700.00. Following the completion of the sale, the chief accounting officer directly owned 10,437 shares in the company, valued at $556,187.73. This trade represents a 74.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kevin S. Boone sold 136,708 shares of the firm'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 completion of the sale, the chief financial officer owned 208,622 shares of the company's stock, 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 sold 189,708 shares of company stock worth $9,132,304. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CSX has been the subject of several analyst reports. Citizens Jmp started coverage on shares of CSX in a research report on Wednesday, July 15th. They set a "market perform" rating for the company. Stephens started coverage on CSX in a report on Wednesday, July 8th. They issued an "overweight" rating and a $57.00 price objective on the stock. Benchmark reissued a "buy" rating and issued a $54.00 target price (up from $48.00) on shares of CSX in a research note on Wednesday, July 15th. Weiss Ratings upgraded CSX from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut CSX from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $51.31.

CSX Price Performance

Shares of CSX stock opened at $50.51 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 1.22. The company has a market cap of $93.57 billion, a PE ratio of 29.20, a P/E/G ratio of 2.34 and a beta of 1.21. The business has a 50 day moving average of $50.00 and a 200 day moving average of $45.67. CSX Corporation has a 52 week low of $31.80 and a 52 week high of $53.60.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly 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. The business had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.89 billion. CSX had a net margin of 22.21% and a return on equity of 24.98%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. As a group, equities research analysts forecast that CSX Corporation will post 2 earnings per share for the current year.

CSX Announces Dividend

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

About CSX

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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