Cohen Capital Management Inc. Purchases 632 Shares of CSX Co. (NASDAQ:CSX)

Cohen Capital Management Inc. grew its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,708 shares of the transportation company’s stock after purchasing an additional 632 shares during the quarter. CSX comprises approximately 1.8% of Cohen Capital Management Inc.’s portfolio, making the stock its 16th biggest holding. Cohen Capital Management Inc.’s holdings in CSX were worth $10,295,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Advisors Capital Management LLC grew its holdings in CSX by 6.6% during the 3rd quarter. Advisors Capital Management LLC now owns 8,630 shares of the transportation company’s stock valued at $265,000 after buying an additional 532 shares in the last quarter. EP Wealth Advisors LLC grew its stake in CSX by 414.8% during the third quarter. EP Wealth Advisors LLC now owns 51,534 shares of the transportation company’s stock valued at $1,585,000 after acquiring an additional 41,524 shares in the last quarter. Neo Ivy Capital Management bought a new stake in CSX during the 3rd quarter worth approximately $160,000. American Century Companies Inc. lifted its stake in CSX by 25.4% in the 3rd quarter. American Century Companies Inc. now owns 1,169,113 shares of the transportation company’s stock worth $35,950,000 after purchasing an additional 236,666 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in CSX by 27.4% in the 3rd quarter. Wellington Management Group LLP now owns 83,800 shares of the transportation company’s stock valued at $2,577,000 after purchasing an additional 18,043 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 2.5 %

CSX stock traded up $0.82 during mid-day trading on Thursday, reaching $33.74. 9,848,716 shares of the company traded hands, compared to its average volume of 11,857,123. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The firm has a market capitalization of $65.96 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.73 and a beta of 1.20. The firm’s 50 day moving average price is $33.37 and its 200 day moving average price is $35.07.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. CSX’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts anticipate that CSX Co. will post 1.95 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, May 31st. CSX’s payout ratio is presently 26.37%.

Analysts Set New Price Targets

CSX has been the topic of several research analyst reports. Susquehanna decreased their price target on shares of CSX from $44.00 to $40.00 and set a “positive” rating on the stock in a report on Tuesday, June 25th. Sanford C. Bernstein raised their price target on CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Monday. Jefferies Financial Group cut their price objective on CSX from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, April 18th. UBS Group decreased their price objective on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Bank of America cut shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.39.

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.