CSX Co. (NASDAQ:CSX) Stock Position Lifted by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 29.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,189 shares of the transportation company's stock after acquiring an additional 14,953 shares during the period. Blue Trust Inc.'s holdings in CSX were worth $2,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSX. Interval Partners LP lifted its stake in shares of CSX by 849.0% during the 2nd quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company's stock worth $171,222,000 after purchasing an additional 4,579,344 shares during the period. Manning & Napier Advisors LLC acquired a new stake in CSX in the 2nd quarter worth about $116,430,000. M&G Plc purchased a new stake in CSX in the 1st quarter valued at about $126,089,000. Wulff Hansen & CO. grew its holdings in CSX by 3,243.0% in the 2nd quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company's stock valued at $73,331,000 after buying an additional 2,126,668 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of CSX by 38.7% during the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company's stock worth $225,917,000 after acquiring an additional 1,884,998 shares during the period. Hedge funds and other institutional investors own 73.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen dropped their price target on shares of CSX from $36.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday. Stephens cut their target price on CSX from $41.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday. Royal Bank of Canada reduced their target price on CSX from $36.00 to $35.00 and set a "sector perform" rating on the stock in a report on Thursday. Benchmark restated a "buy" rating and set a $40.00 price target on shares of CSX in a research note on Wednesday, August 7th. Finally, Barclays reduced their price objective on CSX from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.61.

CSX Stock Up 3.1 %

Shares of NASDAQ CSX traded up $1.03 during midday trading on Friday, reaching $34.12. 21,248,587 shares of the company's stock were exchanged, compared to its average volume of 11,630,561. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The business's fifty day moving average price is $34.02 and its two-hundred day moving average price is $33.93. The stock has a market capitalization of $66.70 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.90 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 29.11% and a net margin of 24.52%. The business had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.68 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. CSX's revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts forecast that CSX Co. will post 1.93 EPS for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. CSX's dividend payout ratio (DPR) 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.