Douglass Winthrop Advisors LLC Buys 14,400 Shares of CSX Co. (NASDAQ:CSX)

Douglass Winthrop Advisors LLC lifted its stake in CSX Co. (NASDAQ:CSX) by 72.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,176 shares of the transportation company’s stock after buying an additional 14,400 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in CSX were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in CSX in the 2nd quarter worth approximately $26,000. Valley Wealth Managers Inc. increased its stake in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of CSX in the second quarter worth $27,000. Morton Brown Family Wealth LLC bought a new stake in shares of CSX during the 3rd quarter valued at $31,000. Finally, Fairscale Capital LLC purchased a new position in shares of CSX during the 2nd quarter valued at $32,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSX has been the subject of a number of analyst reports. TD Cowen cut their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Evercore ISI cut their target price on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Citigroup boosted their price target on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Stephens dropped their price target on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Loop Capital reduced their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, CSX has an average rating of “Moderate Buy” and an average price target of $38.78.

CSX Stock Up 1.2 %

Shares of NASDAQ:CSX opened at $35.78 on Monday. The company has a market cap of $69.00 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.27 and a beta of 1.19. CSX Co. has a 12 month low of $31.65 and a 12 month high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average price of $34.48 and a 200 day moving average price of $33.94.

CSX (NASDAQ:CSX) last posted its quarterly earnings data 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). The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. CSX’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. As a group, equities research analysts predict that CSX Co. will post 1.84 earnings per share for the current 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. This represents a $0.48 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio (DPR) 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.