Raymond James Trust N.A. Has $3.17 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Raymond James Trust N.A. boosted its stake in shares of CSX Co. (NASDAQ:CSXGet Rating) by 29.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,061 shares of the transportation company’s stock after purchasing an additional 24,719 shares during the period. Raymond James Trust N.A.’s holdings in CSX were worth $3,170,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. M Holdings Securities Inc. acquired a new position in CSX during the first quarter valued at approximately $771,000. Envestnet Asset Management Inc. lifted its position in shares of CSX by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 1,018,634 shares of the transportation company’s stock valued at $38,148,000 after buying an additional 76,499 shares during the last quarter. MBL Wealth LLC acquired a new stake in shares of CSX in the first quarter valued at approximately $223,000. KBC Group NV lifted its position in shares of CSX by 14.4% in the first quarter. KBC Group NV now owns 183,451 shares of the transportation company’s stock valued at $6,870,000 after buying an additional 23,127 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of CSX by 2.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,858,620 shares of the transportation company’s stock valued at $69,722,000 after buying an additional 43,570 shares during the last quarter. 73.60% of the stock is owned by institutional investors and hedge funds.

CSX Trading Down 2.0 %

Shares of CSX opened at $28.57 on Friday. CSX Co. has a 52-week low of $27.59 and a 52-week high of $38.63. The business’s fifty day moving average is $31.96 and its 200-day moving average is $32.57. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.01 and a current ratio of 1.16. The firm has a market cap of $61.18 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.60 and a beta of 1.21.

CSX (NASDAQ:CSXGet Rating) last issued its quarterly earnings results on Wednesday, July 20th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. CSX had a return on equity of 29.07% and a net margin of 28.24%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Equities analysts anticipate that CSX Co. will post 1.89 EPS for the current fiscal year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, August 30th. CSX’s dividend payout ratio (DPR) is 22.47%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CSX shares. StockNews.com raised CSX from a “hold” rating to a “buy” rating in a research report on Saturday, July 30th. Cowen cut their price objective on CSX from $39.00 to $37.00 and set a “market perform” rating for the company in a research report on Thursday, July 21st. Loop Capital upgraded CSX from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday, July 21st. Credit Suisse Group lowered their target price on CSX to $39.00 in a research note on Tuesday. Finally, Stifel Nicolaus upgraded CSX from a “hold” rating to a “buy” rating and lowered their target price for the stock from $39.00 to $37.00 in a research note on Friday, July 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.42.

About CSX

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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 transports chemicals, agricultural and food products, automotive, minerals, 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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