DekaBank Deutsche Girozentrale Sells 32,519 Shares of CSX Co. (NASDAQ:CSX)

DekaBank Deutsche Girozentrale decreased its stake in CSX Co. (NASDAQ:CSX - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,742,129 shares of the transportation company's stock after selling 32,519 shares during the period. DekaBank Deutsche Girozentrale owned about 0.09% of CSX worth $59,796,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CSX. Itau Unibanco Holding S.A. bought a new stake in CSX during the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of CSX in the 2nd quarter valued at about $27,000. Fairscale Capital LLC bought a new position in shares of CSX during the second quarter worth about $32,000. Strategic Financial Concepts LLC acquired a new position in shares of CSX in the second quarter worth approximately $33,000. Finally, TFC Financial Management Inc. boosted its holdings in CSX by 72.4% in the second quarter. TFC Financial Management Inc. now owns 1,048 shares of the transportation company's stock valued at $35,000 after acquiring an additional 440 shares during 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 issued reports on the stock. Sanford C. Bernstein raised their price target on shares of CSX from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Monday, July 8th. BMO Capital Markets dropped their target price on shares of CSX from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Loop Capital decreased their price target on CSX from $43.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, October 17th. Bank of America downgraded CSX from a "buy" rating to a "neutral" rating and set a $37.00 price objective on the stock. in a research note on Monday, July 8th. Finally, 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 note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.61.

CSX Stock Down 0.0 %

NASDAQ CSX traded down $0.01 during trading hours on Monday, hitting $33.26. The company's stock had a trading volume of 8,015,464 shares, compared to its average volume of 11,633,647. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42. The company's 50-day simple moving average is $34.03 and its two-hundred day simple moving average is $33.85. The company has a market capitalization of $65.02 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. CSX Co. has a 52 week low of $29.26 and a 52 week high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results 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). The company had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.68 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. Research analysts anticipate that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Announces Dividend

The firm also recently announced 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 1.44%. CSX's payout ratio is presently 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.