Stifel Financial Corp Increases Stock Holdings in CSX Co. (NASDAQ:CSX)

Stifel Financial Corp lifted its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 891,002 shares of the transportation company's stock after buying an additional 16,166 shares during the period. Stifel Financial Corp's holdings in CSX were worth $30,766,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Interval Partners LP increased its holdings in CSX by 849.0% in the 2nd quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company's stock worth $171,222,000 after purchasing an additional 4,579,344 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company's stock valued at $112,946,000 after buying an additional 2,489,329 shares during the period. Wulff Hansen & CO. increased its stake in shares of CSX by 3,243.0% in the second quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company's stock valued at $73,331,000 after buying an additional 2,126,668 shares during the period. Bank of Montreal Can raised its holdings in CSX by 38.7% in the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company's stock valued at $225,917,000 after buying an additional 1,884,998 shares during the last quarter. Finally, FMR LLC boosted its position in CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock worth $539,112,000 after buying an additional 1,447,651 shares during the period. 73.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CSX has been the subject of several recent research reports. Barclays upped their price target on shares of CSX from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Loop Capital decreased their price objective on CSX from $43.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, October 17th. Citigroup lifted their target price on CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Stephens reduced their price target on CSX from $41.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, October 17th. Finally, Susquehanna lowered their price objective on CSX from $42.00 to $40.00 and set a "positive" rating for the company in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $38.78.

CSX Stock Down 0.5 %

NASDAQ CSX traded down $0.17 on Friday, hitting $34.45. 10,491,927 shares of the company were exchanged, compared to its average volume of 10,738,611. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $66.43 billion, a PE ratio of 18.52, a PEG ratio of 2.24 and a beta of 1.20. The stock has a fifty day moving average of $34.84 and a 200-day moving average of $34.09. CSX Co. has a 12 month low of $31.74 and a 12 month high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data 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 return on equity of 28.92% and a net margin of 24.77%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period last year, the company earned $0.42 EPS. CSX's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts forecast that CSX Co. will post 1.84 earnings per share for the current year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, November 29th. CSX's payout ratio is 25.81%.

CSX 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.