CSX Co. (NASDAQ:CSX) Shares Acquired by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA grew its holdings in CSX Co. (NASDAQ:CSX) by 2.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 20,718 shares of the transportation company’s stock after acquiring an additional 532 shares during the quarter. CHICAGO TRUST Co NA’s holdings in CSX were worth $715,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CSX. Itau Unibanco Holding S.A. acquired a new position in CSX in the second quarter valued at $26,000. MFA Wealth Advisors LLC purchased a new position in CSX during the 2nd quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. acquired a new position in CSX during the first quarter worth approximately $29,000. Fairscale Capital LLC purchased a new stake in CSX in the second quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of CSX in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CSX. Citigroup assumed coverage on shares of CSX in a report on Wednesday, October 9th. They issued a “buy” rating and a $42.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $36.00 target price on shares of CSX in a research note on Tuesday, August 6th. Sanford C. Bernstein upped their price objective on CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. Bank of America downgraded CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Monday, July 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $40.00 price target on shares of CSX in a report on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average price target of $39.19.

CSX Price Performance

Shares of NASDAQ:CSX opened at $34.96 on Monday. The firm has a market capitalization of $68.34 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. The business’s 50 day simple moving average is $33.93 and its 200-day simple moving average is $34.01. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last posted its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. CSX’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. As a group, equities analysts forecast that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, November 29th. CSX’s payout ratio is currently 26.37%.

CSX Company 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.