Knights of Columbus Asset Advisors LLC Has $6.10 Million Stake in CSX Corporation $CSX

Knights of Columbus Asset Advisors LLC lifted its position in shares of CSX Corporation (NASDAQ:CSX) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,778 shares of the transportation company’s stock after buying an additional 2,985 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in CSX were worth $6,095,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CSX. Barnes Dennig Private Wealth Management LLC bought a new position in shares of CSX in the 1st quarter worth about $30,000. Rossby Financial LCC acquired a new stake in CSX during the first quarter worth approximately $28,000. Kessler Investment Group LLC bought a new stake in CSX in the first quarter worth approximately $32,000. Cornerstone Planning Group LLC lifted its stake in CSX by 45.8% in the first quarter. Cornerstone Planning Group LLC now owns 1,414 shares of the transportation company’s stock valued at $39,000 after buying an additional 444 shares during the period. Finally, Caldwell Sutter Capital Inc. boosted its holdings in shares of CSX by 87.7% during the 1st quarter. Caldwell Sutter Capital Inc. now owns 1,541 shares of the transportation company’s stock worth $45,000 after buying an additional 720 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

CSX has been the subject of several research analyst reports. Evercore ISI lowered their price objective on shares of CSX from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Raymond James Financial lifted their price target on shares of CSX from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Royal Bank Of Canada increased their price objective on shares of CSX from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. UBS Group raised their target price on CSX from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Friday. Finally, Baird R W upgraded CSX to a “strong-buy” rating in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.95.

CSX Trading Up 1.2%

NASDAQ CSX opened at $36.01 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The business has a fifty day simple moving average of $34.23 and a 200 day simple moving average of $32.01. CSX Corporation has a 12 month low of $26.22 and a 12 month high of $37.25. The firm has a market capitalization of $67.13 billion, a P/E ratio of 22.23, a PEG ratio of 2.79 and a beta of 1.29.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.57 billion. CSX had a net margin of 21.92% and a return on equity of 25.48%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. On average, analysts predict that CSX Corporation will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.4%. CSX’s dividend payout ratio (DPR) is currently 32.10%.

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.