Midas Management Corp continued to hold its stake in shares of CSX Corp. (NASDAQ:CSX) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,500 shares of the company’s stock at the end of the second quarter. CSX Corp. makes up approximately 1.6% of Midas Management Corp’s portfolio, making the stock its 6th largest position. Midas Management Corp’s holdings in CSX Corp. were worth $2,830,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Community Bank of Raymore boosted its stake in shares of CSX Corp. by 2.5% in the second quarter. Community Bank of Raymore now owns 741,373 shares of the company’s stock worth $19,328,000 after buying an additional 18,400 shares in the last quarter. Legal & General Group Plc boosted its stake in CSX Corp. by 1.6% in the first quarter. Legal & General Group Plc now owns 4,290,750 shares of the company’s stock worth $110,488,000 after buying an additional 66,790 shares during the period. Meeder Asset Management Inc. acquired a new stake in CSX Corp. during the first quarter worth $454,000. Capital Analysts LLC boosted its stake in CSX Corp. by 241.5% in the second quarter. Capital Analysts LLC now owns 7,567 shares of the company’s stock worth $711,000 after buying an additional 5,351 shares during the period. Finally, Simmons Bank acquired a new stake in CSX Corp. during the first quarter worth $329,000. Institutional investors own 68.55% of the company’s stock.
Shares of CSX Corp. (NASDAQ:CSX) traded down 0.401% during mid-day trading on Friday, hitting $31.025. The stock had a trading volume of 9,925,996 shares. The stock has a market cap of $29.35 billion, a P/E ratio of 16.935 and a beta of 1.23. The firm has a 50 day moving average price of $29.41 and a 200-day moving average price of $27.43. CSX Corp. has a 12 month low of $21.33 and a 12 month high of $31.73.
CSX Corp. (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 12th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. CSX Corp. had a return on equity of 14.80% and a net margin of 15.93%. The company had revenue of $2.71 billion for the quarter. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, equities research analysts forecast that CSX Corp. will post $1.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.32%. CSX Corp.’s dividend payout ratio is currently 40.00%.
A number of equities research analysts recently weighed in on the company. Oppenheimer Holdings Inc. restated a “hold” rating on shares of CSX Corp. in a research note on Sunday, July 17th. Cowen and Company restated a “hold” rating on shares of CSX Corp. in a research note on Sunday, July 17th. BMO Capital Markets restated an “outperform” rating and issued a $32.00 price target (up previously from $29.00) on shares of CSX Corp. in a research note on Friday, July 15th. Deutsche Bank AG restated a “hold” rating and issued a $29.00 price target (up previously from $27.00) on shares of CSX Corp. in a research note on Friday, July 15th. Finally, Argus restated a “buy” rating and issued a $35.00 price target on shares of CSX Corp. in a research note on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.75.
In other CSX Corp. news, President Clarence W. Gooden sold 16,129 shares of the company’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $31.00, for a total value of $499,999.00. Following the transaction, the president now directly owns 127,954 shares in the company, valued at approximately $3,966,574. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Clarence W. Gooden sold 17,332 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $29.44, for a total value of $510,254.08. Following the completion of the transaction, the president now owns 127,954 shares in the company, valued at $3,766,965.76. The disclosure for this sale can be found here. 0.36% of the stock is owned by company 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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