CSX Corp. (CSX) Shares Sold by Ancora Inverness LLC
Ancora Inverness LLC decreased its stake in CSX Corp. (NASDAQ:CSX) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,565 shares of the company’s stock after selling 694 shares during the period. Ancora Inverness LLC’s holdings in CSX Corp. were worth $2,152,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of CSX. Vanguard Group Inc. increased its position in shares of CSX Corp. by 1.0% in the second quarter. Vanguard Group Inc. now owns 64,897,998 shares of the company’s stock valued at $1,692,540,000 after buying an additional 617,969 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of CSX Corp. by 1.5% in the second quarter. BlackRock Fund Advisors now owns 10,835,371 shares of the company’s stock valued at $282,586,000 after buying an additional 156,444 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of CSX Corp. by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 8,475,714 shares of the company’s stock valued at $258,509,000 after buying an additional 347,094 shares during the last quarter. Janus Capital Management LLC increased its position in shares of CSX Corp. by 2,956.3% in the second quarter. Janus Capital Management LLC now owns 8,445,436 shares of the company’s stock valued at $220,257,000 after buying an additional 8,169,105 shares during the last quarter. Finally, 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 valued at $164,459,000 after buying an additional 1,091,854 shares during the last quarter. Institutional investors own 68.97% of the company’s stock.
CSX Corp. (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 12th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. CSX Corp. had a return on equity of 14.79% and a net margin of 15.93%. The firm earned $2.71 billion during the quarter. During the same period in the prior year, the company posted $0.52 earnings per share. The firm’s revenue was down 7.8% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.07%. The ex-dividend date is Monday, November 28th. CSX Corp.’s payout ratio is currently 40.00%.
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Several research analysts have commented on the stock. Barclays PLC reissued an “overweight” rating and issued a $35.00 price target on shares of CSX Corp. in a report on Saturday, October 15th. Cowen and Company lifted 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 report on Tuesday, September 13th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of CSX Corp. in a report on Friday, October 14th. Finally, Loop Capital reaffirmed a “hold” rating on shares of CSX Corp. in a report on Friday, September 9th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.45.
In other CSX Corp. news, 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 transaction, the president now directly owns 127,954 shares of the company’s stock, valued at approximately $3,766,965.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Michael J. Ward sold 300,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 198,742 shares in the company, valued at $6,155,039.74. The disclosure for this sale can be found here. 0.36% of the stock is owned by company 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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