CSX Co. (NASDAQ:CSX) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 485.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,074 shares of the transportation company's stock after buying an additional 54,792 shares during the quarter. Benjamin Edwards Inc.'s holdings in CSX were worth $2,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSX. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the second quarter valued at about $26,000. Valley Wealth Managers Inc. boosted 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 valued at $26,000 after buying an additional 480 shares during the period. MFA Wealth Advisors LLC acquired a new position in CSX in the second quarter valued at about $27,000. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX in the 3rd quarter valued at $31,000. Finally, Fairscale Capital LLC bought a new stake in shares of CSX during the second quarter worth $32,000. 73.57% of the stock is owned by institutional investors.

CSX Trading Down 1.9 %

CSX traded down $0.68 on Thursday, hitting $34.62. The company had a trading volume of 12,745,262 shares, compared to its average volume of 11,664,857. The business's fifty day simple moving average is $34.82 and its 200 day simple moving average is $34.07. CSX Co. has a 12-month low of $31.74 and a 12-month high of $40.12. The company has a market cap of $66.76 billion, a PE ratio of 18.98, a PEG ratio of 2.28 and a beta of 1.20. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. 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 EPS. The company's revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts expect that CSX Co. will post 1.84 EPS for the current year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued 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 1.39%. CSX's payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

CSX has been the topic of several analyst reports. Stifel Nicolaus reduced their target price on CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Citigroup raised their price target on shares of CSX from $42.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. BMO Capital Markets lowered their target price on shares of CSX from $40.00 to $39.00 and set an "outperform" rating for the company in a report on Thursday, October 17th. Stephens cut their price objective on CSX from $41.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, October 17th. Finally, Loop Capital decreased their target price on CSX from $43.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, October 17th. Seven equities research 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, CSX has a consensus rating of "Moderate Buy" and an average 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.