Janus Henderson Group PLC Has $8.68 Million Position in CSX Co. (NASDAQ:CSX)

Janus Henderson Group PLC reduced its stake in CSX Co. (NASDAQ:CSX - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 251,511 shares of the transportation company's stock after selling 26,192 shares during the period. Janus Henderson Group PLC's holdings in CSX were worth $8,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC increased its position in shares of CSX by 1.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 35,886 shares of the transportation company's stock worth $1,200,000 after purchasing an additional 383 shares during the period. Sequoia Financial Advisors LLC increased its holdings in CSX by 8.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 101,000 shares of the transportation company's stock valued at $3,378,000 after buying an additional 8,054 shares during the period. Cooper Financial Group acquired a new position in shares of CSX in the 2nd quarter valued at approximately $325,000. Wedmont Private Capital lifted its holdings in shares of CSX by 3.5% during the 2nd quarter. Wedmont Private Capital now owns 15,671 shares of the transportation company's stock worth $530,000 after acquiring an additional 533 shares during the period. Finally, M&G Plc boosted its position in shares of CSX by 6.0% during the 2nd quarter. M&G Plc now owns 3,611,262 shares of the transportation company's stock worth $119,172,000 after acquiring an additional 203,456 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore ISI lowered their price objective on shares of CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. TD Cowen dropped their price objective on CSX from $36.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Barclays lifted their target price on CSX from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Citigroup increased their target price on shares of CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, Loop Capital decreased 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. Seven 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, the stock has an average rating of "Moderate Buy" and an average price target of $38.78.

CSX Trading Down 1.4 %

CSX stock traded down $0.48 during trading on Monday, hitting $33.97. The company had a trading volume of 10,630,168 shares, compared to its average volume of 11,655,554. The stock has a market cap of $65.51 billion, a PE ratio of 18.26, a PEG ratio of 2.19 and a beta of 1.20. The business has a 50-day moving average of $34.82 and a 200-day moving average of $34.09. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a one year low of $31.74 and a one year high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly 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 firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. 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 $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.41%. CSX's dividend payout ratio (DPR) 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.