Nisa Investment Advisors LLC boosted its holdings in shares of CSX Co. (NASDAQ:CSX - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,041,070 shares of the transportation company's stock after purchasing an additional 18,040 shares during the period. Nisa Investment Advisors LLC owned approximately 0.05% of CSX worth $35,948,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of CSX in the second quarter worth approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of CSX in the second quarter valued at $27,000. Fairscale Capital LLC acquired a new stake in shares of CSX in the second quarter worth $32,000. Morton Brown Family Wealth LLC purchased a new position in shares of CSX during the third quarter valued at $31,000. Finally, TFC Financial Management Inc. raised its position in CSX by 72.4% during the second quarter. TFC Financial Management Inc. now owns 1,048 shares of the transportation company's stock valued at $35,000 after buying an additional 440 shares during the period. 73.57% of the stock is currently owned by institutional investors.
CSX Stock Performance
Shares of NASDAQ CSX traded down $0.01 during trading hours on Tuesday, hitting $33.25. 13,081,409 shares of the stock were exchanged, compared to its average volume of 11,640,576. CSX Co. has a one year low of $29.26 and a one year high of $40.12. The company's 50 day moving average is $34.02 and its 200 day moving average is $33.83. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. The firm has a market capitalization of $65.00 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.90 and a beta of 1.19.
CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm's revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. On average, research analysts expect that CSX Co. will post 1.93 EPS for the current year.
CSX Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, November 29th. CSX's dividend payout ratio is currently 26.37%.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. BMO Capital Markets decreased their price objective on CSX from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on shares of CSX from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Tuesday, August 6th. Barclays cut their target price on shares of CSX from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, September 25th. Royal Bank of Canada lowered their price target on shares of CSX from $36.00 to $35.00 and set a "sector perform" rating on the stock in a report on Thursday, October 17th. Finally, Susquehanna dropped their price target on shares of CSX from $42.00 to $40.00 and set a "positive" rating on the stock in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.61.
Read Our Latest Analysis on CSX
CSX Profile
(
Free Report)
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.
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