CSX Corp. (CSX) Shares Bought by Community Bank of Raymore
Community Bank of Raymore boosted its position in CSX Corp. (NASDAQ:CSX) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 741,373 shares of the company’s stock after buying an additional 18,400 shares during the period. CSX Corp. accounts for 9.3% of Community Bank of Raymore’s portfolio, making the stock its 3rd largest position. Community Bank of Raymore owned 0.08% of CSX Corp. worth $19,328,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank increased its position in CSX Corp. by 75.4% in the second quarter. Huntington National Bank now owns 124,357 shares of the company’s stock worth $3,243,000 after buying an additional 53,438 shares during the period. Cambiar Investors LLC bought a new position in shares of CSX Corp. during the second quarter worth approximately $58,924,000. Calamos Wealth Management LLC increased its position in shares of CSX Corp. by 37.0% in the second quarter. Calamos Wealth Management LLC now owns 84,803 shares of the company’s stock worth $2,212,000 after buying an additional 22,906 shares during the last quarter. American Century Companies Inc. increased its position in shares of CSX Corp. by 20.9% in the second quarter. American Century Companies Inc. now owns 6,305,930 shares of the company’s stock worth $164,459,000 after buying an additional 1,091,854 shares during the last quarter. Finally, Conning Inc. increased its position in shares of CSX Corp. by 0.9% in the second quarter. Conning Inc. now owns 23,833 shares of the company’s stock worth $622,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 68.55% of the company’s stock.
Shares of CSX Corp. (NASDAQ:CSX) remained flat at $30.50 during midday trading on Monday. The company’s stock had a trading volume of 3,360,123 shares. The stock has a 50-day moving average price of $28.81 and a 200-day moving average price of $27.16. CSX Corp. has a one year low of $21.33 and a one year high of $30.60. The company has a market cap of $28.85 billion, a P/E ratio of 16.65 and a beta of 1.23.
CSX Corp. (NASDAQ:CSX) last issued 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 net margin of 16.07% and a return on equity of 15.24%. 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 company earned $0.56 EPS. The business’s revenue was down 11.7% on a year-over-year basis. On average, equities research analysts forecast 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. Shareholders of record on Wednesday, August 31st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.37%. The ex-dividend date was Monday, August 29th. CSX Corp.’s dividend payout ratio (DPR) is 39.13%.
A number of equities analysts have commented on CSX shares. JPMorgan Chase & Co. restated a “buy” rating on shares of CSX Corp. in a research note on Friday, July 15th. Argus restated a “buy” rating and issued a $35.00 target price on shares of CSX Corp. in a research note on Friday, July 15th. Citigroup Inc. restated a “buy” rating and issued a $29.00 target price on shares of CSX Corp. in a research note on Thursday, July 14th. BMO Capital Markets restated a “buy” rating on shares of CSX Corp. in a research note on Friday, June 10th. Finally, Bank of America Corp. restated a “buy” rating and issued a $32.00 target price on shares of CSX Corp. in a research note on Monday, September 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. CSX Corp. has an average rating of “Hold” and an average price target of $29.54.
In other news, President Clarence W. Gooden sold 17,332 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The shares were 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 directly owns 127,954 shares in the company, valued at approximately $3,766,965.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by insiders.
About CSX Corp.
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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