CSX Co. (NASDAQ:CSX) Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,107,207 shares of the transportation company's stock after buying an additional 75,238 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.06% of CSX worth $38,232,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CSX. Banque Cantonale Vaudoise boosted its position in CSX by 149.1% in the second quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company's stock worth $575,000 after purchasing an additional 10,301 shares during the last quarter. Ascent Group LLC grew its position in CSX by 559.7% in the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company's stock valued at $2,179,000 after acquiring an additional 49,869 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company's stock worth $16,139,000 after buying an additional 80,423 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of CSX by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company's stock worth $116,521,000 after buying an additional 24,430 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company's stock worth $81,095,000 after purchasing an additional 77,488 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Up 1.2 %

CSX traded up $0.44 on Friday, hitting $35.78. The company had a trading volume of 10,783,094 shares, compared to its average volume of 11,690,992. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX Co. has a 12-month low of $31.65 and a 12-month high of $40.12. The stock has a market capitalization of $69.00 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 2.20 and a beta of 1.19. The stock has a fifty day moving average price of $34.43 and a 200-day moving average price of $33.93.

CSX (NASDAQ:CSX - Get Free Report) last announced 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). The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business's revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. Analysts predict that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently disclosed 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 1.34%. CSX's dividend payout ratio is currently 25.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Stephens cut their target price on CSX from $41.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on CSX from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Tuesday, August 6th. BMO Capital Markets cut their target price on CSX from $40.00 to $39.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Stifel Nicolaus dropped their price objective on CSX from $39.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, October 17th. Finally, Wells Fargo & Company decreased their price objective on CSX from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, CSX currently has a consensus rating of "Moderate Buy" and an average price target of $38.78.

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.