AMG National Trust Bank Increases Holdings in CSX Co. (NASDAQ:CSX)

AMG National Trust Bank increased its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 387.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,581 shares of the transportation company's stock after buying an additional 78,348 shares during the period. AMG National Trust Bank's holdings in CSX were worth $3,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Acadian Asset Management LLC grew its position in CSX by 12.0% during the 1st quarter. Acadian Asset Management LLC now owns 42,999 shares of the transportation company's stock worth $1,592,000 after acquiring an additional 4,606 shares during the last quarter. Ontario Teachers Pension Plan Board raised its stake in CSX by 35.8% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 30,158 shares of the transportation company's stock worth $1,118,000 after buying an additional 7,951 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of CSX by 1.8% in the 1st quarter. Clearbridge Investments LLC now owns 66,026 shares of the transportation company's stock worth $2,448,000 after purchasing an additional 1,170 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of CSX by 49.1% during the first quarter. Bessemer Group Inc. now owns 117,154 shares of the transportation company's stock valued at $4,343,000 after buying an additional 38,560 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its holdings in shares of CSX by 7.0% in the 1st quarter. Lake Street Advisors Group LLC now owns 16,855 shares of the transportation company's stock worth $625,000 after acquiring an additional 1,097 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays raised 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. Loop Capital dropped their price objective on CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. BMO Capital Markets decreased their target price on CSX from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company dropped their price target on CSX from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 17th. Finally, Evercore ISI decreased their price objective on CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, CSX presently has an average rating of "Moderate Buy" and a consensus price target of $38.78.

CSX Price Performance

CSX stock traded down $0.28 during midday trading on Tuesday, reaching $34.69. The company had a trading volume of 5,076,655 shares, compared to its average volume of 11,686,207. The firm has a 50-day moving average price of $34.35 and a 200-day moving average price of $33.91. 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 company has a market capitalization of $66.90 billion, a P/E ratio of 18.80, a P/E/G ratio of 2.23 and a beta of 1.19. CSX Co. has a 1 year low of $31.44 and a 1 year high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $3.68 billion. During the same period last year, the business posted $0.42 earnings per share. The company's revenue was up 1.3% compared to the same quarter last year. On average, research analysts anticipate that CSX Co. will post 1.84 earnings per share for the current fiscal 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 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 1.38%. CSX's payout ratio is 25.81%.

CSX Company 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.