Y Intercept Hong Kong Ltd Purchases New Holdings in CSX Co. (NASDAQ:CSX)

Y Intercept Hong Kong Ltd bought a new stake in CSX Co. (NASDAQ:CSX - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 58,615 shares of the transportation company's stock, valued at approximately $2,024,000.

Several other institutional investors have also recently bought and sold shares of CSX. State Street Corp raised its stake in shares of CSX by 0.6% during the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company's stock worth $2,840,117,000 after purchasing an additional 455,258 shares in the last quarter. Fisher Asset Management LLC increased its holdings in CSX by 3.6% during the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company's stock worth $851,404,000 after buying an additional 857,302 shares during the last quarter. Bank of New York Mellon Corp raised its position in CSX by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company's stock worth $573,128,000 after acquiring an additional 1,060,204 shares in the last quarter. FMR LLC lifted its stake in CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock valued at $539,112,000 after acquiring an additional 1,447,651 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of CSX by 6.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company's stock valued at $440,118,000 after acquiring an additional 737,221 shares during the period. Institutional investors own 73.57% of the company's stock.

CSX Trading Up 0.6 %

CSX stock traded up $0.20 during mid-day trading on Tuesday, reaching $34.17. The company's stock had a trading volume of 11,244,978 shares, compared to its average volume of 11,653,832. The company has a market cap of $65.89 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. CSX Co. has a 12 month low of $31.74 and a 12 month high of $40.12. The business's 50 day moving average price is $34.82 and its 200 day moving average price is $34.09. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

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

CSX Dividend Announcement

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 given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, November 29th. CSX's payout ratio is presently 25.81%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CSX. Susquehanna dropped their price objective on shares of CSX from $42.00 to $40.00 and set a "positive" rating on the stock in a research report on Thursday, October 17th. BMO Capital Markets cut their price objective on shares of CSX from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. Citigroup increased their target price on CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Barclays lifted their price target on CSX from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Finally, TD Cowen lowered their price objective on CSX from $36.00 to $35.00 and set a "hold" rating on the stock in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, CSX presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.78.

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.