Verde Servicos Internacionais S.A. Purchases New Position in CSX Co. (NASDAQ:CSX)

Verde Servicos Internacionais S.A. purchased a new position in shares of CSX Co. (NASDAQ:CSX - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 307,993 shares of the transportation company's stock, valued at approximately $10,635,000. CSX comprises approximately 4.9% of Verde Servicos Internacionais S.A.'s investment portfolio, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of CSX by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,251,716 shares of the transportation company's stock valued at $2,418,883,000 after purchasing an additional 443,755 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of CSX by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 22,340,864 shares of the transportation company's stock valued at $774,558,000 after buying an additional 433,228 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of CSX by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company's stock valued at $573,128,000 after acquiring an additional 1,060,204 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in CSX by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company's stock valued at $415,466,000 after acquiring an additional 1,060,617 shares during the period. Finally, Bank of Montreal Can boosted its holdings in CSX by 38.7% during the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company's stock valued at $225,917,000 after acquiring an additional 1,884,998 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Price Performance

Shares of NASDAQ CSX traded up $0.22 during mid-day trading on Tuesday, hitting $33.87. 9,186,599 shares of the company's stock traded hands, compared to its average volume of 11,530,388. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. The company's 50-day moving average is $33.96 and its two-hundred day moving average is $34.07. The company has a market capitalization of $66.21 billion, a P/E ratio of 18.61, a PEG ratio of 1.91 and a beta of 1.19.

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

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, November 29th. CSX's dividend payout ratio (DPR) is 26.37%.

Analyst Ratings Changes

Several brokerages have weighed in on CSX. Stephens reissued an "overweight" rating and set a $42.00 price target on shares of CSX in a research report on Tuesday, August 6th. Sanford C. Bernstein raised their target price on CSX from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Monday, July 8th. Benchmark reaffirmed a "buy" rating and set a $40.00 price target on shares of CSX in a research report on Wednesday, August 7th. Bank of America cut CSX from a "buy" rating to a "neutral" rating and set a $37.00 price objective for the company. in a report on Monday, July 8th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $40.00 target price on shares of CSX in a research note on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CSX presently has an average rating of "Moderate Buy" and an average price target of $39.00.

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.