15,761 Shares in CSX Co. (NASDAQ:CSX) Bought by Pure Financial Advisors LLC

Pure Financial Advisors LLC bought a new stake in CSX Co. (NASDAQ:CSX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 15,761 shares of the transportation company’s stock, valued at approximately $527,000.

A number of other large investors have also added to or reduced their stakes in CSX. Ascent Group LLC grew its stake in CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock worth $2,179,000 after buying an additional 49,869 shares during the last quarter. PFG Advisors boosted its stake in CSX by 2.1% in the 1st quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after purchasing an additional 387 shares in the last quarter. Partners Group Holding AG grew its position in CSX by 26.8% during the 4th quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after purchasing an additional 149,105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in CSX by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock worth $25,078,000 after purchasing an additional 34,730 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in CSX by 718.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 287,062 shares of the transportation company’s stock valued at $9,952,000 after purchasing an additional 252,006 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Trading Down 0.6 %

CSX stock traded down $0.21 during midday trading on Friday, hitting $33.42. 9,870,518 shares of the stock were exchanged, compared to its average volume of 11,812,768. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $65.33 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.89 and a beta of 1.20. The stock’s 50-day simple moving average is $33.63 and its 200 day simple moving average is $34.96. 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 quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts anticipate that CSX Co. will post 1.94 EPS for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.44%. CSX’s payout ratio is currently 26.37%.

Analysts Set New Price Targets

CSX has been the topic of a number of research reports. Bank of America lowered CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Monday, July 8th. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of CSX in a research report on Wednesday, August 7th. Wells Fargo & Company started coverage on shares of CSX in a research note on Friday, June 7th. They set an “equal weight” rating and a $35.00 price objective for the company. Stephens restated an “overweight” rating and set a $42.00 target price on shares of CSX in a research report on Tuesday, August 6th. Finally, Sanford C. Bernstein raised their price objective on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $38.80.

About CSX

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.