CSX Co. (NASDAQ:CSX - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors acquired 6,478 put options on the stock. This is an increase of approximately 114% compared to the average volume of 3,024 put options.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CSX. Price T Rowe Associates Inc. MD boosted its holdings in CSX by 18.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 64,807,961 shares of the transportation company's stock worth $2,246,893,000 after buying an additional 9,914,656 shares during the period. Soroban Capital Partners LP boosted its holdings in CSX by 0.8% in the 4th quarter. Soroban Capital Partners LP now owns 58,100,864 shares of the transportation company's stock worth $1,799,965,000 after buying an additional 470,000 shares during the period. Capital International Investors boosted its holdings in CSX by 14.3% in the 4th quarter. Capital International Investors now owns 40,353,078 shares of the transportation company's stock worth $1,399,104,000 after buying an additional 5,041,679 shares during the period. Geode Capital Management LLC boosted its holdings in CSX by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 39,236,265 shares of the transportation company's stock worth $1,172,727,000 after buying an additional 690,267 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in CSX by 10.4% in the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company's stock worth $897,624,000 after buying an additional 2,748,738 shares during the period. 73.57% of the stock is owned by institutional investors.
Analyst Ratings Changes
CSX has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $34.00 price target on shares of CSX in a research report on Thursday, January 25th. StockNews.com cut shares of CSX from a "buy" rating to a "hold" rating in a research report on Wednesday, January 31st. Jefferies Financial Group started coverage on shares of CSX in a report on Monday, April 8th. They set a "hold" rating and a $40.00 price objective on the stock. Raymond James upped their price objective on shares of CSX from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Tuesday, January 16th. Finally, TD Cowen upped their price objective on shares of CSX from $32.00 to $36.00 and gave the company a "market perform" rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, CSX has an average rating of "Moderate Buy" and an average target price of $37.28.
View Our Latest Report on CSX
CSX Stock Down 0.9 %
NASDAQ:CSX traded down $0.30 on Tuesday, hitting $34.84. The stock had a trading volume of 12,793,599 shares, compared to its average volume of 11,752,843. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.05. The stock has a market cap of $68.20 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. CSX has a 1 year low of $29.03 and a 1 year high of $40.12. The firm's fifty day simple moving average is $37.04 and its two-hundred day simple moving average is $34.32.
CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Tuesday, January 23rd. The transportation company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. CSX had a net margin of 25.35% and a return on equity of 30.52%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the prior year, the firm earned $0.49 EPS. The company's revenue was down 1.3% compared to the same quarter last year. Analysts predict that CSX will post 1.97 earnings per share for the current year.
CSX Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.12 per share. This is an increase from CSX's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, February 28th. CSX's dividend payout ratio is currently 26.09%.
About CSX
(
Get 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.
Further Reading
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