DRW Securities LLC Has $2.62 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

DRW Securities LLC lifted its stake in CSX Co. (NASDAQ:CSX - Free Report) by 714.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,252 shares of the transportation company's stock after purchasing an additional 68,639 shares during the quarter. DRW Securities LLC's holdings in CSX were worth $2,624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of CSX. Fairscale Capital LLC bought a new position in CSX in the 2nd quarter worth $32,000. Itau Unibanco Holding S.A. purchased a new stake in shares of CSX during the 2nd quarter valued at about $26,000. Fidelis Capital Partners LLC boosted its holdings in shares of CSX by 44.0% in the 2nd quarter. Fidelis Capital Partners LLC now owns 32,139 shares of the transportation company's stock worth $1,081,000 after purchasing an additional 9,816 shares during the period. Frank Rimerman Advisors LLC increased its position in shares of CSX by 20,235.2% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 21,962 shares of the transportation company's stock valued at $735,000 after purchasing an additional 21,854 shares during the last quarter. Finally, 11 Capital Partners LP lifted its position in CSX by 18.1% in the second quarter. 11 Capital Partners LP now owns 685,320 shares of the transportation company's stock worth $22,924,000 after buying an additional 104,975 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on CSX shares. Stephens reissued an "overweight" rating and set a $42.00 target price on shares of CSX in a research note on Tuesday, August 6th. Wells Fargo & Company began coverage on shares of CSX in a research report on Friday, June 7th. They issued an "equal weight" rating and a $35.00 price objective on the stock. Susquehanna raised their price target on CSX from $40.00 to $41.00 and gave the stock a "positive" rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on CSX from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Tuesday, August 6th. Finally, Sanford C. Bernstein increased their price objective on shares of CSX from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.80.

CSX Stock Up 0.4 %

Shares of CSX stock traded up $0.13 on Friday, hitting $34.93. 31,214,838 shares of the company's stock traded hands, compared to its average volume of 11,615,651. The firm's 50-day moving average is $34.02 and its 200 day moving average is $34.34. The stock has a market cap of $68.29 billion, a P/E ratio of 19.19, a PEG ratio of 1.77 and a beta of 1.19. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.70 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. Equities analysts anticipate that CSX Co. will post 1.93 earnings per share for the current year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. CSX's dividend payout ratio is 26.37%.

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.