CSX Co. (NASDAQ:CSX) EVP Nathan D. Goldman sold 7,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total value of $556,500.00. Following the completion of the transaction, the executive vice president now directly owns 79,697 shares of the company’s stock, valued at approximately $6,335,911.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ CSX opened at $77.17 on Friday. CSX Co. has a 12 month low of $58.47 and a 12 month high of $80.73. The firm has a market cap of $62.44 billion, a PE ratio of 20.10, a P/E/G ratio of 1.32 and a beta of 1.28. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.68.
CSX (NASDAQ:CSX) last announced its earnings results on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. CSX had a return on equity of 26.13% and a net margin of 27.84%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the business posted $0.78 earnings per share. CSX’s revenue was up 4.8% compared to the same quarter last year. On average, research analysts anticipate that CSX Co. will post 4.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, May 30th. CSX’s dividend payout ratio is 25.00%.
Institutional investors have recently made changes to their positions in the stock. Gantzert Investment Co. LLC ADV acquired a new position in shares of CSX in the fourth quarter valued at $1,232,000. Financial Gravity Companies Inc. bought a new stake in CSX in the fourth quarter valued at $52,000. Cambridge Investment Research Advisors Inc. grew its position in CSX by 12.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 92,844 shares of the transportation company’s stock valued at $5,768,000 after acquiring an additional 10,151 shares during the period. Parallel Advisors LLC grew its position in CSX by 12.1% in the fourth quarter. Parallel Advisors LLC now owns 6,723 shares of the transportation company’s stock valued at $417,000 after acquiring an additional 723 shares during the period. Finally, Virtus ETF Advisers LLC grew its position in CSX by 117.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 445 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 240 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on CSX. Deutsche Bank cut their price objective on CSX from $89.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday. BidaskClub lowered CSX from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded CSX from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Monday, April 22nd. ValuEngine upgraded CSX from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, Stifel Nicolaus set a $80.00 target price on CSX and gave the company a “hold” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. CSX has a consensus rating of “Hold” and a consensus target price of $79.41.
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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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