Huntington National Bank held its stake in CSX Corp. (NASDAQ:CSX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,919 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in CSX Corp. were worth $2,349,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC purchased a new stake in CSX Corp. during the first quarter valued at $207,000. Mariner Wealth Advisors LLC raised its stake in CSX Corp. by 1.1% in the first quarter. Mariner Wealth Advisors LLC now owns 9,242 shares of the company’s stock valued at $238,000 after buying an additional 105 shares during the period. FDO Partners LLC purchased a new stake in CSX Corp. during the first quarter valued at $252,000. Sii Investments Inc. WI purchased a new stake in CSX Corp. during the first quarter valued at $256,000. Finally, NEXT Financial Group Inc raised its stake in CSX Corp. by 3.9% in the second quarter. NEXT Financial Group Inc now owns 10,277 shares of the company’s stock valued at $268,000 after buying an additional 386 shares during the period. 68.55% of the stock is currently owned by institutional investors.
Shares of CSX Corp. (NASDAQ:CSX) traded up 0.24% during midday trading on Friday, reaching $29.64. The company’s stock had a trading volume of 4,995,726 shares. The stock has a market capitalization of $28.04 billion, a P/E ratio of 16.18 and a beta of 1.32. The stock’s 50-day moving average is $28.57 and its 200 day moving average is $27.00. CSX Corp. has a 12 month low of $21.33 and a 12 month high of $30.53.
CSX Corp. (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, July 13th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.03. CSX Corp. had a return on equity of 15.24% and a net margin of 16.07%. The business earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. The firm’s revenue was down 11.7% compared to the same quarter last year. On average, analysts expect that CSX Corp. will post $1.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.72 annualized dividend and a dividend yield of 2.43%. CSX Corp.’s dividend payout ratio is presently 39.13%.
Several analysts have weighed in on the company. Stifel Nicolaus lowered CSX Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. They noted that the move was a valuation call. Citigroup Inc. reissued a “buy” rating and issued a $29.00 target price on shares of CSX Corp. in a report on Saturday, June 18th. Oppenheimer Holdings Inc. assumed coverage on CSX Corp. in a report on Wednesday, June 15th. They issued a “market perform” rating on the stock. Argus restated a “buy” rating and issued a $35.00 price objective on shares of CSX Corp. in a research report on Friday, July 15th. Finally, Loop Capital restated a “hold” rating on shares of CSX Corp. in a research report on Friday, September 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. CSX Corp. presently has a consensus rating of “Hold” and an average price target of $29.54.
CSX Corp. Company Profile
CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business.
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