CSX Co. (NASDAQ:CSX) Shares Sold by STF Management LP

STF Management LP decreased its stake in CSX Co. (NASDAQ:CSX) by 9.0% during the 3rd quarter, Holdings Channel reports. The firm owned 28,410 shares of the transportation company’s stock after selling 2,800 shares during the quarter. STF Management LP’s holdings in CSX were worth $981,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CSX. Itau Unibanco Holding S.A. purchased a new stake in shares of CSX in the 2nd quarter valued at approximately $26,000. Valley Wealth Managers Inc. grew its holdings in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of CSX during the 2nd quarter worth approximately $27,000. Morton Brown Family Wealth LLC purchased a new stake in shares of CSX during the 3rd quarter worth approximately $31,000. Finally, Fairscale Capital LLC purchased a new stake in shares of CSX during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

CSX stock opened at $35.31 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The stock has a market capitalization of $68.09 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.20 and a beta of 1.19. CSX Co. has a 1 year low of $31.65 and a 1 year high of $40.12. The stock’s fifty day moving average is $34.43 and its two-hundred day moving average is $33.93.

CSX (NASDAQ:CSX) last issued its quarterly earnings results 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 business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the firm posted $0.42 earnings per share. CSX’s revenue was up 1.3% compared to the same quarter last year. On average, research analysts predict that CSX Co. will post 1.84 EPS for the current year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.36%. CSX’s dividend payout ratio is currently 25.81%.

Wall Street Analysts Forecast Growth

CSX has been the subject of several research reports. Barclays upped their price target on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Stephens lowered their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Susquehanna lowered their price target on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Thursday, October 17th. BMO Capital Markets lowered their price objective on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, TD Cowen decreased their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, CSX has an average rating of “Moderate Buy” and a consensus price target of $38.78.

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.