CSX Co. (NASDAQ:CSX) Shares Acquired by D.B. Root & Company LLC

D.B. Root & Company LLC lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 3.3% during the first quarter, Holdings Channel reports. The fund owned 40,838 shares of the transportation company’s stock after purchasing an additional 1,310 shares during the quarter. D.B. Root & Company LLC’s holdings in CSX were worth $1,514,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CSX. Morgan Stanley lifted its position 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 lifted its position 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. Partners Group Holding AG lifted its position 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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. Finally, Sapient Capital LLC purchased a new position in shares of CSX in the 4th quarter worth about $1,279,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of research reports. Royal Bank of Canada cut their price objective on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of CSX in a report on Thursday, April 18th. Stifel Nicolaus raised their target price on CSX from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, April 12th. Jefferies Financial Group dropped their target price on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Finally, Susquehanna dropped their target price on CSX from $44.00 to $40.00 and set a “positive” rating on the stock in a report on Tuesday, June 25th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.59.

CSX Stock Performance

Shares of CSX traded up $0.42 during mid-day trading on Friday, hitting $33.45. The stock had a trading volume of 15,864,930 shares, compared to its average volume of 11,233,274. The company has a market cap of $65.39 billion, a PE ratio of 18.38, a PEG ratio of 1.73 and a beta of 1.19. The company’s fifty day simple moving average is $33.46 and its two-hundred day simple moving average is $35.13. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. On average, equities analysts expect that CSX Co. will post 1.96 earnings per share for the current year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. CSX’s payout ratio is 26.37%.

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.