Quadrature Capital Ltd Purchases Shares of 17,383 CSX Co. (NASDAQ:CSX)

Quadrature Capital Ltd bought a new stake in shares of CSX Co. (NASDAQ:CSX - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 17,383 shares of the transportation company's stock, valued at approximately $600,000.

Several other institutional investors have also made changes to their positions in the business. Banque Cantonale Vaudoise grew its position in CSX by 149.1% in the second quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company's stock valued at $575,000 after acquiring an additional 10,301 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company's stock valued at $16,139,000 after purchasing an additional 80,423 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of CSX by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company's stock worth $116,521,000 after purchasing an additional 24,430 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company's stock valued at $81,095,000 after purchasing an additional 77,488 shares during the last quarter. Finally, William B. Walkup & Associates Inc. bought a new position in CSX during the 2nd quarter valued at about $867,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

NASDAQ CSX traded down $0.48 on Monday, hitting $33.97. 10,587,849 shares of the stock were exchanged, compared to its average volume of 11,655,379. The company has a market capitalization of $65.51 billion, a PE ratio of 18.52, a P/E/G ratio of 2.19 and a beta of 1.20. 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 business's fifty day moving average is $34.84 and its 200 day moving average is $34.09. CSX Co. has a 52 week low of $31.74 and a 52 week high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last issued its 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). CSX had a net margin of 24.77% and a return on equity of 28.92%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts anticipate that CSX Co. will post 1.84 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 dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.41%. CSX's dividend payout ratio is currently 25.81%.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of recent analyst reports. Loop Capital dropped 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. Royal Bank of Canada lowered their target price on CSX from $36.00 to $35.00 and set a "sector perform" rating for the company in a research note on Thursday, October 17th. BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Thursday, October 17th. Citigroup increased their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, Susquehanna dropped their target price on shares of 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, CSX has a consensus rating of "Moderate Buy" and an average target price of $38.78.

About CSX

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.