Advisors Asset Management Inc. bought a new stake in shares of CSX Corp. (NASDAQ:CSX) during the second quarter, Holdings Channel reports. The firm bought 4,500 shares of the company’s stock, valued at approximately $117,000.
Other institutional investors have also recently bought and sold shares of the company. Brick & Kyle Associates boosted its stake in shares of CSX Corp. by 8.1% in the second quarter. Brick & Kyle Associates now owns 4,000 shares of the company’s stock valued at $104,000 after buying an additional 300 shares during the period. Capital Analysts LLC boosted its position in shares of CSX Corp. by 241.5% in the second quarter. Capital Analysts LLC now owns 7,567 shares of the company’s stock valued at $711,000 after buying an additional 5,351 shares during the last quarter. McKinley Carter Wealth Services Inc. purchased a new position in shares of CSX Corp. during the second quarter valued at $202,000. Alexandria Capital LLC boosted its position in shares of CSX Corp. by 1,648.4% in the second quarter. Alexandria Capital LLC now owns 7,955 shares of the company’s stock valued at $207,000 after buying an additional 7,500 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of CSX Corp. during the first quarter valued at $207,000. 68.55% of the stock is owned by hedge funds and other institutional investors.
CSX Corp. (NASDAQ:CSX) traded down 0.03% on Friday, reaching $31.05. The company had a trading volume of 10,591,620 shares. The stock has a market capitalization of $29.37 billion, a price-to-earnings ratio of 16.95 and a beta of 1.23. The firm has a 50 day moving average price of $29.17 and a 200-day moving average price of $27.31. CSX Corp. has a 12 month low of $21.33 and a 12 month high of $31.16.
CSX Corp. (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, July 13th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. CSX Corp. had a return on equity of 15.24% and a net margin of 16.07%. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS. Analysts forecast that CSX Corp. will post $1.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a $0.18 dividend. The ex-dividend date is Monday, November 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. CSX Corp.’s dividend payout ratio is currently 39.13%.
A number of analysts have issued reports on CSX shares. Stifel Nicolaus lowered shares of CSX Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. They noted that the move was a valuation call. Citigroup Inc. reiterated a “buy” rating and set a $29.00 price target on shares of CSX Corp. in a research note on Saturday, June 18th. Oppenheimer Holdings Inc. started coverage on shares of CSX Corp. in a research note on Wednesday, June 15th. They set a “market perform” rating on the stock. Argus reiterated a “buy” rating and set a $35.00 price target on shares of CSX Corp. in a research note on Friday, July 15th. Finally, Loop Capital reiterated a “hold” rating on shares of CSX Corp. in a research note 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 issued a buy rating to the company’s stock. CSX Corp. has a consensus rating of “Hold” and a consensus price target of $29.54.
In other news, President Clarence W. Gooden sold 17,332 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $29.44, for a total value of $510,254.08. Following the transaction, the president now directly owns 127,954 shares in the company, valued at approximately $3,766,965.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by insiders.
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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