US Bancorp DE lowered its position in shares of CSX Corp. (NASDAQ:CSX) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 806,188 shares of the company’s stock after selling 8,333 shares during the period. US Bancorp DE owned approximately 0.09% of CSX Corp. worth $24,588,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Marco Investment Management LLC raised its position in shares of CSX Corp. by 0.3% in the second quarter. Marco Investment Management LLC now owns 8,388 shares of the company’s stock valued at $219,000 after buying an additional 24 shares during the period. Jackson Grant Investment Advisers Inc. raised its position in shares of CSX Corp. by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 11,280 shares of the company’s stock valued at $294,000 after buying an additional 47 shares during the period. IFC Holdings Incorporated FL raised its position in shares of CSX Corp. by 0.5% in the second quarter. IFC Holdings Incorporated FL now owns 15,320 shares of the company’s stock valued at $401,000 after buying an additional 72 shares during the period. Canandaigua National Bank & Trust Co. raised its position in shares of CSX Corp. by 1.0% in the third quarter. Canandaigua National Bank & Trust Co. now owns 8,380 shares of the company’s stock valued at $256,000 after buying an additional 85 shares during the period. Finally, Private Trust Co. NA raised its position in shares of CSX Corp. by 0.3% in the third quarter. Private Trust Co. NA now owns 26,483 shares of the company’s stock valued at $807,000 after buying an additional 92 shares during the period. Institutional investors own 68.97% of the company’s stock.

Institutional Ownership by Quarter for CSX Corp. (NASDAQ:CSX)

CSX Corp. (NASDAQ:CSX) traded down 0.83% on Monday, hitting $34.72. 3,452,544 shares of the company were exchanged. CSX Corp. has a 52-week low of $21.33 and a 52-week high of $35.23. The stock’s 50-day moving average price is $32.07 and its 200-day moving average price is $28.76. The stock has a market capitalization of $32.52 billion, a P/E ratio of 19.32 and a beta of 1.11.

CSX Corp. (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, October 12th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business earned $2.71 billion during the quarter. CSX Corp. had a return on equity of 14.79% and a net margin of 15.93%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, equities research analysts anticipate that CSX Corp. will post $1.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Monday, November 28th. CSX Corp.’s dividend payout ratio is presently 40.00%.

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Several research analysts have commented on the stock. Barclays PLC restated an “overweight” rating and issued a $35.00 price objective on shares of CSX Corp. in a report on Saturday, October 15th. Cowen and Company upped their price objective on shares of CSX Corp. from $30.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, October 14th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of CSX Corp. in a research report on Tuesday, September 13th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of CSX Corp. in a research report on Friday, October 14th. Finally, Loop Capital reaffirmed a “hold” rating on shares of CSX Corp. in a research report on Friday, September 9th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.45.

In other news, President Clarence W. Gooden sold 15,625 shares of the stock in a transaction on Monday, November 7th. The stock was 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 directly owns 127,954 shares in the company, valued at approximately $4,094,528. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Michael J. Ward sold 300,000 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $30.97, for a total value of $9,291,000.00. Following the transaction, the chairman now owns 198,742 shares of the company’s stock, valued at $6,155,039.74. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

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.

5 Day Chart for NASDAQ:CSX

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