17,282 Shares in CSX Corporation $CSX Bought by Yukon Wealth Management Inc.

Yukon Wealth Management Inc. acquired a new stake in CSX Corporation (NASDAQ:CSX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,282 shares of the transportation company’s stock, valued at approximately $821,000.

Several other hedge funds also recently made changes to their positions in CSX. N.E.W. Advisory Services LLC purchased a new position in shares of CSX in the 2nd quarter valued at about $27,000. WFA of San Diego LLC purchased a new stake in CSX during the second quarter worth about $28,000. Manning & Napier Advisors LLC purchased a new stake in CSX during the second quarter worth about $30,000. Arlington Trust Co LLC grew its position in CSX by 58.0% during the second quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock worth $32,000 after buying an additional 250 shares during the period. Finally, First Bancorp Inc ME purchased a new stake in shares of CSX during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.4%

Shares of NASDAQ CSX opened at $51.54 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82. CSX Corporation has a 1 year low of $31.80 and a 1 year high of $53.60. The stock’s 50-day simple moving average is $49.80 and its 200-day simple moving average is $45.53. The firm has a market cap of $95.48 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.36 and a beta of 1.21.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. CSX had a return on equity of 24.98% and a net margin of 22.21%.The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities analysts anticipate that CSX Corporation will post 2 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.14 per share. The ex-dividend date is Monday, August 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. CSX’s dividend payout ratio (DPR) is 32.37%.

Analysts Set New Price Targets

CSX has been the subject of several research analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $52.00 price objective (up from $49.00) on shares of CSX in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price objective on CSX from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Argus set a $56.00 target price on shares of CSX in a research report on Friday, July 31st. Truist Financial set a $46.00 price target on CSX in a report on Friday, July 10th. Finally, Robert W. Baird upped their price objective on CSX from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.31.

Insider Transactions at CSX

In other CSX news, Director John J. Zillmer sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.45, for a total value of $464,500.00. Following the sale, the director directly owned 353,714 shares in the company, valued at approximately $16,430,015.30. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael S. Burns sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $52.68, for a total value of $684,840.00. Following the completion of the sale, the senior vice president directly owned 59,643 shares of the company’s stock, valued at approximately $3,141,993.24. The trade was a 17.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 189,708 shares of company stock worth $9,132,304 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

CSX Company Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.