CSX Corp. (CSX) Shares Bought by National Pension Service
National Pension Service raised its position in CSX Corp. (NASDAQ:CSX) by 8.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 700,638 shares of the company’s stock after buying an additional 55,899 shares during the period. National Pension Service owned about 0.07% of CSX Corp. worth $21,369,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Independent Portfolio Consultants Inc. boosted its position in shares of CSX Corp. by 2.1% in the third quarter. Independent Portfolio Consultants Inc. now owns 39,702 shares of the company’s stock worth $1,211,000 after buying an additional 835 shares during the last quarter. Becker Capital Management Inc. boosted its position in CSX Corp. by 1.0% in the second quarter. Becker Capital Management Inc. now owns 1,482,364 shares of the company’s stock worth $38,660,000 after buying an additional 14,164 shares in the last quarter. Community Bank of Raymore boosted its position in CSX Corp. by 2.5% in the second quarter. Community Bank of Raymore now owns 741,373 shares of the company’s stock worth $19,328,000 after buying an additional 18,400 shares in the last quarter. Capital Analysts LLC boosted its position in CSX Corp. by 241.5% in the second quarter. Capital Analysts LLC now owns 7,567 shares of the company’s stock worth $711,000 after buying an additional 5,351 shares in the last quarter. Finally, Advisor Partners LLC boosted its position in CSX Corp. by 2.7% in the second quarter. Advisor Partners LLC now owns 14,402 shares of the company’s stock worth $376,000 after buying an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 68.97% of the company’s stock.
CSX Corp. (NASDAQ:CSX) traded up 3.22% during midday trading on Wednesday, reaching $35.92. The company had a trading volume of 3,952,247 shares. CSX Corp. has a 12-month low of $21.33 and a 12-month high of $36.07. The firm has a market capitalization of $33.64 billion, a price-to-earnings ratio of 19.99 and a beta of 1.11. The stock’s 50 day moving average is $32.17 and its 200 day moving average is $28.86.
CSX Corp. (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 12th. The company reported $0.48 EPS for the quarter, beating the Zacks’ 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 last year, the business posted $0.52 EPS. The company’s revenue was down 7.8% on a year-over-year basis. Equities research analysts expect that CSX Corp. will post $1.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a $0.18 dividend. The ex-dividend date is Monday, November 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.07%. CSX Corp.’s dividend payout ratio (DPR) is presently 40.00%.
Several analysts have weighed in on CSX shares. Bank of America Corp. reissued a “buy” rating and set a $32.00 price objective on shares of CSX Corp. in a report on Monday, September 12th. Barclays PLC reissued an “overweight” rating and set a $35.00 price objective on shares of CSX Corp. in a report on Saturday, October 15th. Vertical Research started coverage on CSX Corp. in a report on Tuesday, October 11th. They set a “hold” rating for the company. Deutsche Bank AG started coverage on CSX Corp. in a report on Wednesday, November 2nd. They set a “buy” rating and a $36.00 price objective for the company. Finally, Vetr cut CSX Corp. from a “buy” rating to a “hold” rating and set a $33.60 price objective for the company. in a report on Wednesday, November 9th. Three research 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 presently has an average rating of “Hold” and a consensus price target of $30.45.
In related news, President Clarence W. Gooden sold 15,625 shares of CSX Corp. 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 sale, the president now directly owns 127,954 shares in the company, valued at $4,094,528. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Clarence W. Gooden sold 16,129 shares of CSX Corp. stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $31.00, for a total value of $499,999.00. Following the sale, the president now owns 127,954 shares in the company, valued at $3,966,574. 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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