2 weeks Ago By ABMN Staff
MBB Public Markets I LLC boosted its stake in CSX Co. ( NASDAQ:CSX – Free Report ) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 1,218,194 shares of the transportation company’s stock after acquiring an additional 129,828 shares during the period. CSX accounts for 0.8% of MBB Public Markets I LLC’s investment portfolio, making the stock its 22nd largest holding.
MBB Public Markets I LLC owned about 0.06% of CSX worth $40,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds have also added to or reduced their stakes in the company.
Price T Rowe Associates Inc. MD lifted its stake in shares of CSX by 0.7% in the 1st quarter.
Price T Rowe Associates Inc. MD now owns 65,251,716 shares of the transportation company’s stock valued at $2,418,883,000 after purchasing an additional 443,755 shares during the period. Capital International Investors increased its holdings in CSX by 14.
3% in the fourth quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock worth $1,399,104,000 after purchasing an additional 5,041,679 shares in the last quarter. Fisher Asset Management LLC lifted its stake in CSX by 2.
0% in the fourth quarter. Fisher Asset Management LLC now owns 22,340,864 shares of the transportation company’s stock valued at $774,558,000 after buying an additional 433,228 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of CSX by 6.
6% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock worth $573,128,000 after buying an additional 1,060,204 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of CSX by 9.
3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock worth $415,466,000 after buying an additional 1,060,617 shares during the period. Institutional investors and hedge funds own 73.
57% of the company’s stock. Wall Street Analysts Forecast Growth CSX has been the subject of several research analyst reports. JPMorgan Chase & Co.
lifted their price target on shares of CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th.
Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of CSX in a research note on Tuesday, August 6th. Barclays reduced their price objective on CSX from $41.
00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.
00 target price on shares of CSX in a research report on Tuesday, August 6th. Finally, Evercore ISI raised shares of CSX to a “strong-buy” rating in a research report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock.
According to data from MarketBeat, CSX currently has an average rating of “Moderate Buy” and a consensus target price of $38.93. CSX Price Performance CSX opened at $33.
90 on Friday. CSX Co. has a fifty-two week low of $29.
03 and a fifty-two week high of $40.12. The firm has a 50-day moving average of $33.
95 and a 200 day moving average of $34.28. The firm has a market cap of $66.
27 billion, a P/E ratio of 18.63, a PEG ratio of 1.91 and a beta of 1.
19. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.
01 and a current ratio of 1.16. CSX ( NASDAQ:CSX – Get Free Report ) last posted its quarterly earnings results on Monday, August 5th.
The transportation company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.
01. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.
70 billion. CSX had a return on equity of 29.11% and a net margin of 24.
52%. The firm’s quarterly revenue was up .0% compared to the same quarter last year.
During the same quarter in the prior year, the company earned $0.49 EPS. On average, research analysts expect that CSX Co.
will post 1.93 EPS for the current year. CSX Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th.
Investors of record on Friday, August 30th were paid a dividend of $0.12 per share. This represents a $0.
48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, August 30th.
CSX’s payout ratio is currently 26.37%. About CSX ( Free Report ) 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. Read More Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.
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