Navalign LLC Purchases 557 Shares of CSX Co. (NASDAQ:CSX)

Navalign LLC lifted its position in CSX Co. (NASDAQ:CSX) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,145 shares of the transportation company’s stock after purchasing an additional 557 shares during the quarter. Navalign LLC’s holdings in CSX were worth $1,043,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley increased its holdings in shares of CSX by 3.1% in the third quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after purchasing an additional 739,411 shares during the period. International Assets Investment Management LLC increased its stake in CSX by 3,241.9% in the fourth quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock valued at $8,158,000 after acquiring an additional 228,263 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CSX by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock valued at $25,078,000 after acquiring an additional 34,730 shares during the last quarter. Partners Group Holding AG increased its stake in CSX by 26.8% in the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock valued at $24,427,000 after acquiring an additional 149,105 shares during the last quarter. Finally, Sapient Capital LLC bought a new position in CSX in the fourth quarter valued at $1,279,000. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their target price on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. Bank of America reduced their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Jefferies Financial Group reduced their price objective on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Susquehanna raised their price objective on CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research note on Thursday, March 28th. Finally, UBS Group reduced their price objective on CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and a consensus target price of $37.82.

CSX Stock Down 0.6 %

CSX traded down $0.20 on Monday, hitting $33.21. The company had a trading volume of 9,553,504 shares, compared to its average volume of 11,914,291. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The stock has a fifty day simple moving average of $33.58 and a 200-day simple moving average of $35.14. The firm has a market capitalization of $64.92 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.72 and a beta of 1.19.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the business earned $0.48 earnings per share. The business’s revenue was down .8% on a year-over-year basis. As a group, equities analysts expect that CSX Co. will post 1.96 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Friday, May 31st. CSX’s dividend payout ratio (DPR) is currently 26.37%.

About CSX

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.