CSX Co. (NASDAQ:CSX) Position Raised by Barnett & Company Inc.

Barnett & Company Inc. raised its holdings in CSX Co. (NASDAQ:CSX) by 10.2% in the third quarter, Holdings Channel.com reports. The fund owned 61,650 shares of the transportation company’s stock after acquiring an additional 5,700 shares during the period. CSX comprises 1.4% of Barnett & Company Inc.’s portfolio, making the stock its 24th biggest holding. Barnett & Company Inc.’s holdings in CSX were worth $2,129,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CSX. Aptus Capital Advisors LLC raised its position in CSX by 21.4% during the third quarter. Aptus Capital Advisors LLC now owns 489,887 shares of the transportation company’s stock valued at $16,916,000 after acquiring an additional 86,451 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CSX by 1.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,859,424 shares of the transportation company’s stock worth $167,796,000 after buying an additional 78,990 shares during the last quarter. First National Trust Co grew its position in CSX by 0.3% in the 3rd quarter. First National Trust Co now owns 140,471 shares of the transportation company’s stock worth $4,850,000 after purchasing an additional 480 shares during the last quarter. Versor Investments LP raised its holdings in CSX by 30.8% in the 3rd quarter. Versor Investments LP now owns 21,472 shares of the transportation company’s stock valued at $741,000 after acquiring an additional 5,054 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSX. TD Cowen dropped their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Loop Capital decreased their price target on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. BMO Capital Markets cut their price target on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Stephens lowered their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Stifel Nicolaus lowered their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.61.

CSX Price Performance

Shares of CSX stock traded down $0.26 during trading on Tuesday, hitting $36.26. The company had a trading volume of 2,063,519 shares, compared to its average volume of 11,695,972. The stock’s 50-day moving average is $34.19 and its two-hundred day moving average is $33.84. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $69.92 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.28 and a beta of 1.19. CSX Co. has a 52 week low of $30.30 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, analysts predict that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.32%. CSX’s payout ratio is 25.81%.

CSX 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 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.