Stephens Inc. AR Has $3.89 Million Stock Position in CSX Co. (NASDAQ:CSX)

Stephens Inc. AR raised its stake in CSX Co. (NASDAQ:CSX - Free Report) by 24.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,721 shares of the transportation company's stock after purchasing an additional 22,193 shares during the quarter. Stephens Inc. AR's holdings in CSX were worth $3,892,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CSX. Western Wealth Management LLC boosted its stake in shares of CSX by 0.8% during the 2nd quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company's stock worth $1,208,000 after acquiring an additional 295 shares during the period. TriaGen Wealth Management LLC boosted its stake in shares of CSX by 2.7% during the 2nd quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company's stock worth $385,000 after acquiring an additional 300 shares during the period. Team Hewins LLC boosted its stake in shares of CSX by 1.7% during the 1st quarter. Team Hewins LLC now owns 18,778 shares of the transportation company's stock worth $696,000 after acquiring an additional 306 shares during the period. Lake Street Advisors Group LLC boosted its stake in shares of CSX by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company's stock worth $595,000 after acquiring an additional 306 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of CSX by 0.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company's stock worth $1,222,000 after acquiring an additional 309 shares during the period. 73.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets reduced their target price on CSX from $40.00 to $39.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Stephens dropped their price target on CSX from $41.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on CSX from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Tuesday, August 6th. Wells Fargo & Company dropped their price target on CSX from $35.00 to $34.00 and set an "equal weight" rating for the company in a report on Thursday, October 17th. Finally, TD Cowen dropped their price target on CSX from $36.00 to $35.00 and set a "hold" rating for the company in a report 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.61.

CSX Price Performance

CSX stock traded down $0.25 during midday trading on Friday, reaching $33.39. 11,062,324 shares of the stock were exchanged, compared to its average volume of 12,479,938. The stock has a market capitalization of $64.39 billion, a PE ratio of 17.95, a P/E/G ratio of 2.12 and a beta of 1.19. CSX Co. has a 52 week low of $29.64 and a 52 week high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The company has a fifty day moving average price of $34.01 and a 200 day moving average price of $33.79.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The company's revenue was up 1.3% on a year-over-year basis. As a group, analysts expect that CSX Co. will post 1.86 EPS for the current fiscal year.

CSX Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.44%. CSX's dividend payout ratio (DPR) is presently 25.81%.

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.