Neuburgh Advisers LLC increased its stake in CSX Co. (NASDAQ:CSX) by 26.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,680 shares of the transportation company’s stock after acquiring an additional 11,264 shares during the period. Neuburgh Advisers LLC’s holdings in CSX were worth $4,016,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Virtus ETF Advisers LLC boosted its position in CSX by 117.1% during the fourth quarter. Virtus ETF Advisers LLC now owns 445 shares of the transportation company’s stock valued at $28,000 after buying an additional 240 shares during the period. Larson Financial Group LLC purchased a new stake in CSX during the fourth quarter valued at about $28,000. Liberty Wealth Management LLC purchased a new stake in CSX during the fourth quarter valued at about $28,000. Karp Capital Management Corp purchased a new stake in CSX during the fourth quarter valued at about $30,000. Finally, Berman Capital Advisors LLC purchased a new stake in CSX during the fourth quarter valued at about $35,000. Institutional investors own 75.71% of the company’s stock.
Several research firms have issued reports on CSX. BMO Capital Markets upped their price target on shares of CSX from $76.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. They noted that the move was a valuation call. BidaskClub lowered shares of CSX from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 30th. Deutsche Bank cut their price target on shares of CSX from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup upped their price target on shares of CSX from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, ValuEngine upgraded shares of CSX from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. CSX presently has an average rating of “Hold” and a consensus target price of $79.41.
Shares of NASDAQ:CSX traded down $0.16 during midday trading on Wednesday, hitting $78.44. 160,239 shares of the stock traded hands, compared to its average volume of 4,704,513. The company has a market cap of $63.17 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 1.27. CSX Co. has a one year low of $58.47 and a one year high of $80.73.
CSX (NASDAQ:CSX) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. CSX had a net margin of 27.84% and a return on equity of 26.13%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 earnings per share. As a group, research analysts forecast that CSX Co. will post 4.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 30th. CSX’s dividend payout ratio (DPR) is 25.00%.
In other news, VP Angela C. Williams sold 9,560 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $79.14, for a total transaction of $756,578.40. Following the completion of the transaction, the vice president now directly owns 14,607 shares of the company’s stock, valued at $1,155,997.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.83% of the company’s stock.
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CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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