HighPoint Advisor Group LLC Takes Position in CSX Co. (NASDAQ:CSX)

HighPoint Advisor Group LLC acquired a new position in shares of CSX Co. (NASDAQ:CSXFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 77,147 shares of the transportation company’s stock, valued at approximately $2,842,000.

Several other hedge funds have also made changes to their positions in the business. Aviva PLC increased its position in CSX by 3.9% during the 3rd quarter. Aviva PLC now owns 777,936 shares of the transportation company’s stock worth $23,922,000 after purchasing an additional 29,351 shares during the period. WCG Wealth Advisors LLC lifted its holdings in CSX by 33.5% in the third quarter. WCG Wealth Advisors LLC now owns 14,440 shares of the transportation company’s stock valued at $444,000 after acquiring an additional 3,626 shares during the period. Prudential PLC boosted its position in shares of CSX by 6.7% during the 3rd quarter. Prudential PLC now owns 186,044 shares of the transportation company’s stock worth $5,721,000 after purchasing an additional 11,644 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of CSX during the 3rd quarter worth $5,890,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in CSX during the third quarter worth about $3,540,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Up 0.3 %

Shares of CSX stock traded up $0.11 during trading hours on Tuesday, hitting $32.72. The company’s stock had a trading volume of 397,460 shares, compared to its average volume of 11,781,771. The business has a fifty day moving average of $33.80 and a 200 day moving average of $35.15. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $63.97 billion, a PE ratio of 17.92, a P/E/G ratio of 1.67 and a beta of 1.19.

CSX (NASDAQ:CSXGet Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. As a group, equities analysts forecast that CSX Co. will post 1.96 EPS for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.12 per share. The ex-dividend date was Friday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.47%. CSX’s payout ratio is currently 26.37%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada lowered their price target on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of CSX in a research note on Thursday, April 18th. Stifel Nicolaus increased their price objective on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Susquehanna raised their target price on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a report on Thursday, March 28th. Finally, Jefferies Financial Group reduced their price target on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $37.82.

View Our Latest Analysis on CSX

About CSX

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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