Childress Capital Advisors LLC Acquires 397 Shares of CSX Co. (NASDAQ:CSX)

Childress Capital Advisors LLC raised its position in CSX Co. (NASDAQ:CSX) by 6.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,742 shares of the transportation company’s stock after purchasing an additional 397 shares during the period. Childress Capital Advisors LLC’s holdings in CSX were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in CSX in the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new position in CSX in the 2nd quarter valued at approximately $27,000. Morton Brown Family Wealth LLC acquired a new position in shares of CSX in the 3rd quarter worth approximately $31,000. Fairscale Capital LLC acquired a new position in shares of CSX in the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of CSX in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 0.9 %

Shares of CSX opened at $33.54 on Thursday. The firm has a market capitalization of $65.57 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. The business’s fifty day moving average price is $34.01 and its two-hundred day moving average price is $33.81. CSX Co. has a 52 week low of $29.28 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 29.11% and a net margin of 24.52%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that CSX Co. will post 1.93 earnings per share for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. CSX’s dividend payout ratio is currently 26.37%.

Analyst Ratings Changes

CSX has been the subject of a number of recent research reports. Susquehanna dropped their target price on CSX from $42.00 to $40.00 and set a “positive” rating for the company in a report on Thursday, October 17th. Stephens dropped their target price on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company dropped their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Loop Capital dropped their target price on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.61.

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.