Thrivent Financial for Lutherans Raises Stock Position in CSX Co. (NASDAQ:CSX)

Thrivent Financial for Lutherans boosted its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,374,499 shares of the transportation company's stock after buying an additional 24,430 shares during the quarter. Thrivent Financial for Lutherans owned 0.17% of CSX worth $116,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of CSX in the second quarter worth approximately $26,000. Valley Wealth Managers Inc. lifted its position in shares of CSX by 177.8% during 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 during the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of CSX during the second quarter worth $27,000. Morton Brown Family Wealth LLC purchased a new stake in shares of CSX during the third quarter valued at $31,000. Finally, Fairscale Capital LLC bought a new position in shares of CSX in the second quarter worth about $32,000. Institutional investors own 73.57% of the company's stock.

CSX Stock Performance

NASDAQ CSX traded down $0.50 during trading hours on Friday, reaching $35.13. The stock had a trading volume of 10,597,925 shares, compared to its average volume of 13,312,988. CSX Co. has a 52-week low of $30.86 and a 52-week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The stock has a market cap of $67.75 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19. The stock has a fifty day moving average of $34.32 and a 200 day moving average of $33.90.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Sell-side analysts predict that CSX Co. will post 1.84 earnings per share for the current year.

CSX Announces Dividend

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 $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, November 29th. CSX's dividend payout ratio is currently 25.81%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSX. JPMorgan Chase & Co. boosted their price target on CSX from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Tuesday, August 6th. Evercore ISI dropped their price target on CSX from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, October 17th. Citigroup lifted their price objective on CSX from $42.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Susquehanna lowered their price objective on shares of CSX from $42.00 to $40.00 and set a "positive" rating for the company in a research note on Thursday, October 17th. Finally, Stephens cut their target price on shares of CSX from $41.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently 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.