CSX Co. (NASDAQ:CSX) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in CSX Co. (NASDAQ:CSX - Free Report) by 13.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,957,688 shares of the transportation company's stock after acquiring an additional 238,079 shares during the period. Victory Capital Management Inc. owned approximately 0.10% of CSX worth $67,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barnett & Company Inc. raised its stake in CSX by 10.2% in the third quarter. Barnett & Company Inc. now owns 61,650 shares of the transportation company's stock worth $2,129,000 after buying an additional 5,700 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of CSX by 21.4% during the third quarter. Aptus Capital Advisors LLC now owns 489,887 shares of the transportation company's stock worth $16,916,000 after purchasing an additional 86,451 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of CSX by 1.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,859,424 shares of the transportation company's stock worth $167,796,000 after purchasing an additional 78,990 shares in the last quarter. First National Trust Co increased its position in shares of CSX by 0.3% during the third quarter. First National Trust Co now owns 140,471 shares of the transportation company's stock worth $4,850,000 after purchasing an additional 480 shares in the last quarter. Finally, Versor Investments LP increased its position in shares of CSX by 30.8% during the third quarter. Versor Investments LP now owns 21,472 shares of the transportation company's stock worth $741,000 after purchasing an additional 5,054 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Trading Down 1.3 %

Shares of NASDAQ CSX traded down $0.46 during midday trading on Friday, reaching $35.17. 3,585,999 shares of the stock were exchanged, compared to its average volume of 11,702,566. The company has a 50 day simple moving average of $34.29 and a 200 day simple moving average of $33.88. The stock has a market capitalization of $67.82 billion, a P/E ratio of 19.14, a PEG ratio of 2.32 and a beta of 1.19. 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 twelve month low of $30.86 and a twelve month high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last announced 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 analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 EPS. As a group, equities analysts expect that CSX Co. will post 1.84 earnings per share 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.36%. CSX's dividend payout ratio is presently 25.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price objective 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. BMO Capital Markets lowered their target price on shares of CSX from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Thursday, October 17th. Wells Fargo & Company lowered their target price on shares of CSX from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 17th. Loop Capital lowered their target price on shares of CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of CSX from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSX has a consensus rating of "Moderate Buy" and a consensus price target 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.