330,315 Shares in CSX Co. (NASDAQ:CSX) Purchased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC purchased a new stake in shares of CSX Co. (NASDAQ:CSX - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 330,315 shares of the transportation company's stock, valued at approximately $11,406,000.

Other hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC raised its position in shares of CSX by 2.5% during the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock worth $407,000 after purchasing an additional 293 shares during the period. Western Wealth Management LLC raised its holdings in 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 buying an additional 295 shares during the period. TriaGen Wealth Management LLC lifted its stake in CSX by 2.7% during the second quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company's stock valued at $385,000 after buying an additional 300 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company's stock worth $595,000 after buying an additional 306 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of CSX by 0.9% in the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company's stock worth $1,222,000 after buying an additional 309 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Down 0.5 %

Shares of CSX traded down $0.17 during mid-day trading on Friday, hitting $34.45. 10,491,927 shares of the company's stock were exchanged, compared to its average volume of 10,738,611. The stock has a market cap of $66.43 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 2.24 and a beta of 1.20. The firm has a fifty day moving average of $34.84 and a two-hundred day moving average of $34.09. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. CSX Co. has a twelve month low of $31.74 and a twelve month high of $40.12.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company's quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that CSX Co. will post 1.84 earnings per share for the current year.

CSX Dividend Announcement

The business also recently announced 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 (DPR) is currently 25.81%.

Wall Street Analyst Weigh In

CSX has been the subject of several research analyst reports. Stephens reduced their price target on shares of CSX from $41.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, October 17th. Evercore ISI reduced their target price on CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, October 17th. Wells Fargo & Company decreased their target price on CSX from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, October 17th. Stifel Nicolaus dropped their price target on CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Finally, Royal Bank of Canada decreased their price objective on CSX from $36.00 to $35.00 and set a "sector perform" rating for the company in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, CSX has an average rating of "Moderate Buy" and an average 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.