Buckley Wealth Management LLC purchased a new position in CSX Co. (NASDAQ:CSX – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,848 shares of the transportation company’s stock, valued at approximately $234,000.
Other hedge funds also recently made changes to their positions in the company. Thompson Investment Management Inc. purchased a new stake in CSX during the first quarter valued at about $25,000. Kalos Management Inc. bought a new position in shares of CSX during the first quarter valued at about $25,000. Fortis Capital Advisors LLC purchased a new position in CSX during the 4th quarter valued at about $27,000. TimeScale Financial Inc. grew its position in shares of CSX by 1,391.8% in the 1st quarter. TimeScale Financial Inc. now owns 910 shares of the transportation company’s stock worth $27,000 after buying an additional 849 shares during the period. Finally, Graham Capital Wealth Management LLC bought a new position in shares of CSX in the 1st quarter worth about $311,675,000. 72.76% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on CSX shares. Citigroup cut their price objective on shares of CSX from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Benchmark reiterated a “buy” rating and set a $37.00 price objective on shares of CSX in a research note on Friday, July 21st. Susquehanna cut their target price on CSX from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Bank of America raised CSX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $36.00 in a research report on Friday, September 8th. Finally, Stephens reissued an “overweight” rating and set a $39.00 price objective on shares of CSX in a research report on Friday, July 21st. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.43.
CSX Stock Performance
CSX stock opened at $31.10 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.42 and a debt-to-equity ratio of 1.46. CSX Co. has a twelve month low of $25.80 and a twelve month high of $34.38. The company’s 50-day moving average price is $31.65 and its 200-day moving average price is $31.37. The company has a market cap of $62.40 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 2.66 and a beta of 1.22.
CSX (NASDAQ:CSX – Get Free Report) last released its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. CSX had a return on equity of 32.82% and a net margin of 27.36%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. CSX’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities research analysts forecast that CSX Co. will post 1.9 EPS for the current fiscal year.
CSX Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.41%. CSX’s dividend payout ratio is 22.22%.
CSX Company Profile
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 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.
- Five stocks we like better than CSX
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Hostess Acquisition, 3.3% Dividend Make J.M. Smucker a Sweet Deal
- The How and Why of Investing in Biotech Stocks
- Nikola’s Stock Could Double in Price Within Weeks
- How to Invest in EV Charging Stations
- Drones Can Lift AeroVironment Shares To New Heights
Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.