Brooklyn Investment Group Has $368,000 Stock Position in CSX Co. (NASDAQ:CSX)

Brooklyn Investment Group decreased its stake in shares of CSX Co. (NASDAQ:CSX) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,651 shares of the transportation company’s stock after selling 548 shares during the quarter. Brooklyn Investment Group’s holdings in CSX were worth $368,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. increased its position in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in CSX in the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC bought a new stake in CSX in the 2nd quarter valued at $27,000. Fairscale Capital LLC bought a new stake in CSX in the 2nd quarter valued at $32,000. Finally, Morton Brown Family Wealth LLC bought a new stake in CSX in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

Shares of CSX stock opened at $36.69 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. CSX Co. has a twelve month low of $31.65 and a twelve month high of $40.12. The company has a market cap of $70.75 billion, a P/E ratio of 19.73, a P/E/G ratio of 2.32 and a beta of 1.19. The business has a fifty day simple moving average of $34.59 and a 200 day simple moving average of $33.97.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. CSX’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. CSX’s dividend payout ratio is currently 25.81%.

Analyst Ratings Changes

CSX has been the topic of a number of research analyst reports. Barclays increased their price target on CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Loop Capital decreased their price objective on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada decreased their price objective on CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of CSX in a report on Wednesday, August 7th. Finally, Stifel Nicolaus decreased their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

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.