CSX Corp. (NASDAQ:CSX) announced its quarterly earnings results on Wednesday. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The company earned $2.71 billion during the quarter, compared to the consensus estimate of $2.69 billion. CSX Corp. had a net margin of 16.07% and a return on equity of 15.24%.

CSX Corp. (NASDAQ:CSX) traded down 0.85% during midday trading on Wednesday, reaching $30.21. 12,285,907 shares of the company traded hands. The stock has a market capitalization of $28.58 billion, a P/E ratio of 16.49 and a beta of 1.23. The company has a 50 day moving average price of $29.29 and a 200-day moving average price of $27.38. CSX Corp. has a one year low of $21.33 and a one year high of $31.31.

Earnings History for CSX Corp. (NASDAQ:CSX)

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Monday, November 28th. CSX Corp.’s payout ratio is currently 39.13%.

A number of analysts have commented on CSX shares. Citigroup Inc. upped their price target on shares of CSX Corp. from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, September 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $29.00 price target on shares of CSX Corp. in a research report on Thursday, July 7th. Bank of America Corp. reaffirmed a “buy” rating and set a $32.00 price target on shares of CSX Corp. in a research report on Monday, September 12th. Loop Capital reaffirmed a “hold” rating and set a $31.00 price target on shares of CSX Corp. in a research report on Thursday, September 1st. Finally, Wolfe Research raised shares of CSX Corp. from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research report on Tuesday, September 13th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the stock. CSX Corp. presently 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 dated 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 sale, the president now owns 127,954 shares in the company, valued at approximately $3,766,965.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Clarence W. Gooden sold 16,129 shares of the firm’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $31.00, for a total transaction of $499,999.00. Following the completion of the sale, the president now owns 127,954 shares of the company’s stock, valued at approximately $3,966,574. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in CSX. Caisse DE Depot ET Placement DU Quebec increased its position in CSX Corp. by 78.2% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,122,272 shares of the company’s stock valued at $29,269,000 after buying an additional 492,413 shares in the last quarter. National Asset Management Inc. increased its position in CSX Corp. by 14.5% in the second quarter. National Asset Management Inc. now owns 25,781 shares of the company’s stock valued at $417,000 after buying an additional 3,268 shares in the last quarter. Highbridge Capital Management LLC bought a new position in CSX Corp. during the second quarter valued at approximately $256,000. Westwood Holdings Group Inc. bought a new position in CSX Corp. during the second quarter valued at approximately $216,000. Finally, EverPoint Asset Management LLC bought a new position in CSX Corp. during the second quarter valued at approximately $2,347,000. Hedge funds and other institutional investors own 68.55% of the company’s stock.

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.

5 Day Chart for NASDAQ:CSX

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