Nomura Asset Management Co. Ltd. grew its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 6.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 653,025 shares of the transportation company's stock after acquiring an additional 41,547 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in CSX were worth $22,549,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in CSX in the second quarter valued at approximately $26,000. Valley Wealth Managers Inc. increased its stake in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of CSX during the 2nd quarter worth $27,000. Morton Brown Family Wealth LLC bought a new stake in shares of CSX during the 3rd quarter worth $31,000. Finally, Fairscale Capital LLC bought a new stake in shares of CSX during the 2nd quarter worth $32,000. 73.57% of the stock is currently owned by institutional investors.
CSX Stock Performance
Shares of CSX stock traded down $0.56 during trading hours on Wednesday, hitting $33.61. 12,463,741 shares of the company were exchanged, compared to its average volume of 11,657,220. CSX Co. has a 52-week low of $31.74 and a 52-week 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 firm has a fifty day simple moving average of $34.82 and a 200 day simple moving average of $34.09. The stock has a market capitalization of $64.81 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 2.19 and a beta of 1.20.
CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data 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 firm 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%. The company's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Research analysts predict that CSX Co. will post 1.84 earnings per share for the current fiscal year.
CSX Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. CSX's dividend payout ratio (DPR) is currently 25.81%.
Analyst Ratings Changes
Several equities analysts have commented on the company. TD Cowen dropped their target price on CSX from $36.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Susquehanna cut their target price on shares of CSX from $42.00 to $40.00 and set a "positive" rating on the stock in a research report on Thursday, October 17th. Loop Capital decreased their price target on shares of CSX from $43.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, October 17th. Evercore ISI cut their price target on shares of CSX from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Finally, BMO Capital Markets reduced their price objective on shares of CSX from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and an average target price of $38.78.
Get Our Latest Report on CSX
CSX Company Profile
(
Free Report)
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.
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![Institutional Ownership by Quarter for CSX (NASDAQ:CSX)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=CSX)
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