Sanctuary Advisors LLC Raises Position in CSX Co. (NASDAQ:CSX)

Sanctuary Advisors LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,381 shares of the transportation company's stock after purchasing an additional 16,073 shares during the quarter. Sanctuary Advisors LLC's holdings in CSX were worth $5,953,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of CSX during the second quarter valued at $26,000. Valley Wealth Managers Inc. lifted its stake in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock worth $26,000 after purchasing an additional 480 shares in the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of CSX during the 2nd quarter worth approximately $27,000. Morton Brown Family Wealth LLC purchased a new position in CSX during the third quarter worth about $31,000. Finally, Fairscale Capital LLC purchased a new stake in CSX during the second quarter worth about $32,000. 73.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Susquehanna cut their price target on shares of CSX from $42.00 to $40.00 and set a "positive" rating on the stock in a research note on Thursday, October 17th. Citigroup lifted their target price on shares of CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a research note 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. Wells Fargo & Company dropped their price target on CSX from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, October 17th. Finally, Royal Bank of Canada reduced their target price on shares of CSX from $36.00 to $35.00 and set a "sector perform" 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CSX presently has a consensus rating of "Moderate Buy" and an average target price of $38.78.

CSX Trading Down 0.9 %

CSX traded down $0.30 during mid-day trading on Monday, hitting $32.94. The stock had a trading volume of 12,670,723 shares, compared to its average volume of 11,646,790. CSX Co. has a 1-year low of $31.74 and a 1-year high of $40.12. 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 firm has a market capitalization of $63.52 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20. The stock's fifty day simple moving average is $34.77 and its 200-day simple moving average is $34.09.

CSX (NASDAQ:CSX - Get Free Report) last issued 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). CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. As a group, research analysts forecast that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, November 29th. CSX's dividend payout ratio is currently 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.