Mizuho Securities USA LLC Sells 25,019 Shares of CSX Co. (NASDAQ:CSX)

Mizuho Securities USA LLC lessened its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 16.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,717 shares of the transportation company's stock after selling 25,019 shares during the period. Mizuho Securities USA LLC's holdings in CSX were worth $4,341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSX. Interval Partners LP raised its stake in 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 buying an additional 4,579,344 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in CSX in the 2nd quarter worth about $116,430,000. Assenagon Asset Management S.A. grew its position in CSX by 318.5% during 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 during the last quarter. Wulff Hansen & CO. increased its stake in 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 purchasing an additional 2,126,668 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in CSX by 38.7% in 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 during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

CSX stock traded up $0.44 during trading on Friday, reaching $35.78. The company had a trading volume of 10,783,094 shares, compared to its average volume of 11,690,992. The firm's 50-day simple moving average is $34.48 and its 200 day simple moving average is $33.94. CSX Co. has a 52 week low of $31.65 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 market capitalization of $69.00 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.20 and a beta of 1.19.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. Sell-side analysts forecast that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.34%. CSX's dividend payout ratio (DPR) is presently 25.81%.

Analyst Ratings Changes

Several brokerages recently weighed in on CSX. Barclays raised their price target on shares of CSX from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Susquehanna decreased their price target on CSX from $42.00 to $40.00 and set a "positive" rating for the company in a research note on Thursday, October 17th. Benchmark reaffirmed a "buy" rating and set a $40.00 price objective on shares of CSX in a research report on Wednesday, August 7th. Evercore ISI decreased their target price on CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. Finally, Citigroup upped their target price on shares of CSX from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.78.

CSX 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.