Personal Advisor Group LLC trimmed its stake in shares of CSX Co. (NASDAQ:CSX – Get Ranking) by 29.2% throughout the third quarter, in keeping with its most up-to-date disclosure with the Securities and Alternate Fee. The institutional investor owned 167,152 shares of the transportation firm’s inventory after promoting 69,092 shares throughout the interval. Personal Advisor Group LLC’s holdings in CSX have been price $4,453,000 on the finish of the newest reporting interval.
Numerous different massive buyers additionally not too long ago modified their holdings of CSX. Bornite Capital Administration LP acquired a brand new place in shares of CSX throughout the first quarter price roughly $14,980,000. Mirae Asset World Investments Co. Ltd. lifted its holdings in CSX by 6.0% within the first quarter. Mirae Asset World Investments Co. Ltd. now owns 6,158,544 shares of the transportation firm’s inventory valued at $230,637,000 after shopping for an extra 347,514 shares throughout the interval. American Century Corporations Inc. lifted its holdings in CSX by 18.9% within the first quarter. American Century Corporations Inc. now owns 301,435 shares of the transportation firm’s inventory valued at $11,289,000 after shopping for an extra 47,910 shares throughout the interval. Cambridge Funding Analysis Advisors Inc. lifted its holdings in CSX by 1.1% within the first quarter. Cambridge Funding Analysis Advisors Inc. now owns 512,632 shares of the transportation firm’s inventory valued at $19,198,000 after shopping for an extra 5,637 shares throughout the interval. Lastly, Oppenheimer & Co. Inc. lifted its holdings in CSX by 2.0% within the first quarter. Oppenheimer & Co. Inc. now owns 204,443 shares of the transportation firm’s inventory valued at $7,656,000 after shopping for an extra 4,103 shares throughout the interval. 72.91% of the inventory is at present owned by institutional buyers and hedge funds.
Wall Road Analyst Weigh In
A number of equities analysts not too long ago weighed in on the inventory. Citigroup reduce their worth goal on shares of CSX from $31.00 to $30.00 and set a “impartial” ranking on the inventory in a report on Thursday, September twenty ninth. Susquehanna downgraded shares of CSX from a “constructive” ranking to a “impartial” ranking and lowered their goal worth for the corporate from $35.00 to $29.00 in a analysis observe on Wednesday, September twenty eighth. UBS Group downgraded shares of CSX from a “purchase” ranking to a “impartial” ranking and lowered their goal worth for the corporate from $38.00 to $31.00 in a analysis observe on Tuesday, September twenty seventh. Wells Fargo & Firm lowered their goal worth on shares of CSX from $30.00 to $28.00 and set an “equal weight” ranking for the corporate in a analysis observe on Monday, October tenth. Lastly, Deutsche Financial institution Aktiengesellschaft upped their goal worth on shares of CSX from $36.00 to $39.00 in a analysis observe on Monday, November twenty eighth. One equities analysis analyst has rated the inventory with a promote ranking, eleven have assigned a maintain ranking and eleven have given a purchase ranking to the inventory. In response to knowledge from MarketBeat.com, the inventory has a consensus ranking of “Maintain” and a mean goal worth of $34.28.
CSX Inventory Efficiency
Shares of CSX inventory opened at $31.25 on Friday. The inventory has a market cap of $65.70 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.68 and a beta of 1.25. The corporate has a debt-to-equity ratio of 1.39, a present ratio of 1.72 and a fast ratio of 1.57. The corporate has a fifty day transferring common worth of $30.60 and a two-hundred day transferring common worth of $30.44. CSX Co. has a one yr low of $25.80 and a one yr excessive of $38.63.
CSX (NASDAQ:CSX – Get Ranking) final introduced its quarterly earnings outcomes on Thursday, October twentieth. The transportation firm reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The agency had income of $3.90 billion throughout the quarter, in comparison with analysts’ expectations of $3.75 billion. CSX had a internet margin of 28.06% and a return on fairness of 30.32%. The corporate’s income for the quarter was up 18.5% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the corporate posted $0.43 earnings per share. As a bunch, equities analysts predict that CSX Co. will submit 1.9 EPS for the present yr.
CSX Dividend Announcement
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Thursday, December fifteenth. Shareholders of document on Wednesday, November thirtieth have been paid a $0.10 dividend. This represents a $0.40 dividend on an annualized foundation and a yield of 1.28%. The ex-dividend date was Tuesday, November twenty ninth. CSX’s dividend payout ratio is at present 21.39%.
CSX Profile
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CSX Company, along with its subsidiaries, supplies rail-based freight transportation providers. The corporate presents rail providers; and transportation of intermodal containers and trailers, in addition to different transportation providers, corresponding to rail-to-truck transfers and bulk commodity operations. It transports chemical compounds, agricultural and meals merchandise, automotive, minerals, forest merchandise, fertilizers, and metals and gear; and coal, coke, and iron ore to electricity-generating energy crops, metal producers, and industrial crops, in addition to exports coal to deep-water port services.
Additional Studying
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