Clarence W. Gooden Sells 15,625 Shares of CSX Corp. (CSX) Stock
CSX Corp. (NASDAQ:CSX) President Clarence W. Gooden sold 15,625 shares of CSX Corp. stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $32.00, for a total transaction of $500,000.00. Following the completion of the transaction, the president now owns 127,954 shares of the company’s stock, valued at $4,094,528. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
CSX Corp. (NASDAQ:CSX) opened at 34.53 on Friday. The stock has a 50 day moving average of $30.79 and a 200 day moving average of $28.20. The company has a market cap of $32.34 billion, a P/E ratio of 19.22 and a beta of 1.11. CSX Corp. has a 52 week low of $21.33 and a 52 week high of $34.75.
CSX Corp. (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 12th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. CSX Corp. had a net margin of 15.93% and a return on equity of 14.79%. The company earned $2.71 billion during the quarter. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, analysts expect that CSX Corp. will post $1.79 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.18 per share. 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 2.09%. CSX Corp.’s payout ratio is 40.00%.
A number of research analysts have recently commented on CSX shares. Citigroup Inc. restated a “buy” rating and set a $29.00 price target on shares of CSX Corp. in a research report on Thursday, July 14th. JPMorgan Chase & Co. restated a “buy” rating on shares of CSX Corp. in a research report on Friday, July 15th. Argus restated a “buy” rating and set a $35.00 price target on shares of CSX Corp. in a research report on Friday, July 15th. Bank of America Corp. restated a “buy” rating and set a $32.00 price target on shares of CSX Corp. in a research report on Monday, September 12th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of CSX Corp. in a research report on Tuesday, September 13th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. CSX Corp. currently has an average rating of “Hold” and an average price target of $30.43.
Large investors have recently made changes to their positions in the stock. Washington Trust Bank raised its stake in shares of CSX Corp. by 7.7% in the third quarter. Washington Trust Bank now owns 3,644 shares of the company’s stock worth $111,000 after buying an additional 259 shares during the last quarter. Brick & Kyle Associates raised 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 worth $104,000 after buying an additional 300 shares during the last quarter. Community Bank N.A. raised its stake in shares of CSX Corp. by 19.9% in the third quarter. Community Bank N.A. now owns 4,300 shares of the company’s stock worth $132,000 after buying an additional 715 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in CSX Corp. during the second quarter worth approximately $117,000. Finally, Integrated Wealth Counsel LLC acquired a new position in CSX Corp. during the third quarter worth approximately $183,000. Institutional investors own 69.42% 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.
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