CSX Co. (NASDAQ:CSX) Stock Holdings Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in CSX Co. (NASDAQ:CSX - Free Report) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,521,214 shares of the transportation company's stock after acquiring an additional 146,973 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.34% of CSX worth $225,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of CSX during the third quarter valued at approximately $3,610,000. FWG Holdings LLC raised its holdings in CSX by 5.6% in the 3rd quarter. FWG Holdings LLC now owns 12,788 shares of the transportation company's stock valued at $425,000 after acquiring an additional 681 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of CSX by 6.5% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 55,715 shares of the transportation company's stock worth $1,924,000 after purchasing an additional 3,395 shares during the period. Prospera Financial Services Inc boosted its holdings in shares of CSX by 3.6% during the third quarter. Prospera Financial Services Inc now owns 41,300 shares of the transportation company's stock worth $1,427,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Caprock Group LLC boosted its holdings in shares of CSX by 2.4% during the third quarter. Caprock Group LLC now owns 36,560 shares of the transportation company's stock worth $1,262,000 after purchasing an additional 861 shares during the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CSX shares. Stephens reduced 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, October 17th. Royal Bank of Canada cut their price target on shares of CSX from $36.00 to $35.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 17th. Benchmark reiterated a "buy" rating and issued a $40.00 price target on shares of CSX in a report on Wednesday, August 7th. Barclays upped their price objective on CSX from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Finally, Susquehanna dropped their price target on CSX from $42.00 to $40.00 and set a "positive" rating for the company in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.78.

CSX Stock Down 1.1 %

Shares of NASDAQ CSX traded down $0.37 during midday trading on Tuesday, reaching $34.60. 10,463,053 shares of the company's stock were exchanged, compared to its average volume of 11,708,195. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX Co. has a 52-week low of $31.44 and a 52-week high of $40.12. The business's fifty day moving average price is $34.35 and its two-hundred day moving average price is $33.91. The stock has a market capitalization of $66.72 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19.

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). The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. CSX's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS. Analysts forecast that CSX Co. will post 1.84 EPS for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.39%. CSX's dividend payout ratio 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.