CSX Co. (NASDAQ:CSX) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in CSX Co. (NASDAQ:CSX) by 3.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 801,352 shares of the transportation company’s stock after purchasing an additional 26,109 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CSX were worth $27,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSX. Providence Capital Advisors LLC increased its position in CSX by 3.3% during the third quarter. Providence Capital Advisors LLC now owns 180,733 shares of the transportation company’s stock worth $6,241,000 after purchasing an additional 5,700 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of CSX in the 3rd quarter valued at approximately $7,409,000. CreativeOne Wealth LLC increased its holdings in shares of CSX by 7.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 93,826 shares of the transportation company’s stock worth $3,240,000 after buying an additional 6,186 shares during the last quarter. Townsquare Capital LLC raised its position in shares of CSX by 8.2% during the 3rd quarter. Townsquare Capital LLC now owns 221,010 shares of the transportation company’s stock valued at $7,631,000 after buying an additional 16,772 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new position in CSX in the third quarter valued at approximately $66,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

CSX stock opened at $36.55 on Friday. The business’s 50-day moving average is $34.70 and its two-hundred day moving average is $34.02. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The firm has a market capitalization of $70.48 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.32 and a beta of 1.19. CSX Co. has a 1 year low of $31.72 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same period last year, the business earned $0.42 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Analysts anticipate that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. CSX’s payout ratio is currently 25.81%.

Analyst Upgrades and Downgrades

CSX has been the subject of several recent analyst reports. TD Cowen cut their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Citigroup raised their price objective on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada decreased their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Evercore ISI dropped their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, BMO Capital Markets decreased their price objective on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.78.

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.