Natixis Advisors LLC Has $22.79 Million Stock Position in CSX Co. (NASDAQ:CSX)

Natixis Advisors LLC raised its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 659,958 shares of the transportation company's stock after acquiring an additional 90,800 shares during the period. Natixis Advisors LLC's holdings in CSX were worth $22,788,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Interval Partners LP grew its stake in shares of CSX by 849.0% during the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company's stock valued at $171,222,000 after acquiring an additional 4,579,344 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in CSX during the 2nd quarter worth approximately $116,430,000. Assenagon Asset Management S.A. raised its position in shares of CSX by 318.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company's stock valued at $112,946,000 after purchasing an additional 2,489,329 shares in the last quarter. Wulff Hansen & CO. boosted its stake in shares of CSX by 3,243.0% during the 2nd quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company's stock valued at $73,331,000 after buying an additional 2,126,668 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of CSX by 38.7% during the second quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company's stock worth $225,917,000 after buying an additional 1,884,998 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CSX shares. Loop Capital cut their price target on shares of CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. TD Cowen reduced their price target on shares of CSX from $36.00 to $35.00 and set a "hold" rating on the stock in a research report on Thursday, October 17th. Barclays boosted their price objective on CSX from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Wells Fargo & Company reduced their target price on CSX from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, October 17th. Finally, Benchmark reiterated a "buy" rating and issued a $40.00 target price on shares of CSX in a research report on Wednesday, August 7th. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $38.78.

CSX Stock Performance

Shares of NASDAQ:CSX traded down $0.23 on Tuesday, hitting $34.74. The company's stock had a trading volume of 4,332,021 shares, compared to its average volume of 11,682,008. CSX Co. has a 12 month low of $31.44 and a 12 month high of $40.12. The company has a market capitalization of $66.99 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19. The stock's 50-day moving average is $34.35 and its two-hundred day moving average is $33.91. 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 (NASDAQ:CSX - Get Free Report) last announced its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the prior year, the business earned $0.42 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts forecast that CSX Co. will post 1.84 EPS for the current year.

CSX Dividend Announcement

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 dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.38%. 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.