7,867 Shares in CSX Co. (NASDAQ:CSX) Bought by Millburn Ridgefield Corp

Millburn Ridgefield Corp acquired a new stake in shares of CSX Co. (NASDAQ:CSX) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 7,867 shares of the transportation company’s stock, valued at approximately $272,000.

A number of other hedge funds also recently made changes to their positions in CSX. Fisher Asset Management LLC raised its stake in CSX by 3.6% during the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after purchasing an additional 857,302 shares during the period. Bank of New York Mellon Corp boosted its stake in CSX by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock worth $573,128,000 after purchasing an additional 1,060,204 shares during the period. FMR LLC grew its holdings in CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after buying an additional 1,447,651 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CSX by 6.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock worth $440,118,000 after buying an additional 737,221 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CSX by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock worth $415,466,000 after acquiring an additional 1,060,617 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Down 0.9 %

Shares of NASDAQ:CSX opened at $36.00 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. The business’s 50 day moving average is $34.79 and its 200 day moving average is $34.06. The stock has a market cap of $69.42 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 2.31 and a beta of 1.20. CSX Co. has a 52-week low of $31.74 and a 52-week high of $40.12.

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

CSX Dividend Announcement

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 paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio (DPR) is 25.81%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen decreased their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Evercore ISI decreased their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Susquehanna cut their price target on CSX from $42.00 to $40.00 and set a “positive” rating for the company in a report on Thursday, October 17th. Barclays increased their target price on CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Loop Capital dropped their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.