CSX Co. (NASDAQ:CSX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,906,826 shares of the transportation company's stock after buying an additional 190,346 shares during the quarter. Geode Capital Management LLC owned approximately 2.12% of CSX worth $1,407,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSX. State Street Corp increased its holdings in shares of CSX by 0.6% in the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company's stock valued at $2,840,117,000 after acquiring an additional 455,258 shares during the period. Fisher Asset Management LLC raised its holdings in CSX by 3.6% in the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company's stock worth $851,404,000 after purchasing an additional 857,302 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of CSX by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company's stock worth $573,128,000 after acquiring an additional 1,060,204 shares in the last quarter. FMR LLC raised its stake in shares of CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock worth $539,112,000 after acquiring an additional 1,447,651 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in CSX by 6.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company's stock valued at $440,118,000 after acquiring an additional 737,221 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Price Performance

CSX stock traded down $0.56 during mid-day trading on Wednesday, reaching $33.61. The company had a trading volume of 12,463,741 shares, compared to its average volume of 11,657,220. The stock's 50-day simple moving average is $34.82 and its 200-day simple moving average is $34.09. 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 company has a market capitalization of $64.81 billion, a P/E ratio of 18.29, a P/E/G ratio of 2.19 and a beta of 1.20. CSX Co. has a 1 year low of $31.74 and a 1 year high of $40.12.

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 company had revenue of $3.62 billion during 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%. CSX's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. On average, equities analysts predict 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 issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, November 29th. CSX's payout ratio is currently 25.81%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CSX shares. Susquehanna cut their price objective 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. Barclays upped their target price on CSX from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Stephens reduced their price target on CSX from $41.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, October 17th. Loop Capital dropped their price objective on shares of CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price target on shares of CSX from $36.00 to $35.00 and set a "sector perform" 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $38.78.

About CSX

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.