CSX Co. (NASDAQ:CSX) Shares Acquired by Profund Advisors LLC

Profund Advisors LLC increased its position in CSX Co. (NASDAQ:CSXFree Report) by 19.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,176 shares of the transportation company’s stock after buying an additional 29,179 shares during the period. Profund Advisors LLC’s holdings in CSX were worth $6,212,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Morgan Stanley grew its stake in CSX by 3.1% during the third quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after buying an additional 739,411 shares during the period. International Assets Investment Management LLC grew its stake in CSX by 3,241.9% during the fourth quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock worth $8,158,000 after buying an additional 228,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in CSX by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock worth $25,078,000 after buying an additional 34,730 shares during the period. Partners Group Holding AG grew its stake in CSX by 26.8% during the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after buying an additional 149,105 shares during the period. Finally, Sapient Capital LLC purchased a new stake in CSX during the fourth quarter worth approximately $1,279,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CSX. Royal Bank of Canada decreased their price objective on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Wells Fargo & Company assumed coverage on shares of CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 target price for the company. UBS Group decreased their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus upped their target price on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Bank of America decreased their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average price target of $37.82.

Check Out Our Latest Research Report on CSX

CSX Stock Performance

CSX stock traded down $0.23 during midday trading on Thursday, hitting $32.53. 7,840,243 shares of the company traded hands, compared to its average volume of 11,845,437. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The business has a 50 day simple moving average of $33.95 and a 200-day simple moving average of $35.10. The stock has a market capitalization of $63.59 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.70 and a beta of 1.19.

CSX (NASDAQ:CSXGet Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities research analysts predict that CSX Co. will post 1.96 earnings per share for the current year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.48 annualized dividend and a yield of 1.48%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

CSX Profile

(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.

Further Reading

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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