CSX Corp. (CSX) Shares Sold by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. lowered its position in CSX Corp. (NASDAQ:CSX) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,637,466 shares of the company’s stock after selling 7,223 shares during the period. UBS Asset Management Americas Inc. owned 0.28% of CSX Corp. worth $80,443,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. raised its stake 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 in the last quarter. Becker Capital Management Inc. raised 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 valued at $38,660,000 after buying an additional 14,164 shares during the period. Community Bank of Raymore raised 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 valued at $19,328,000 after buying an additional 18,400 shares during the period. Capital Analysts LLC raised 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 valued at $711,000 after buying an additional 5,351 shares during the period. Finally, Advisor Partners LLC raised 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 valued at $376,000 after buying an additional 378 shares during the period. 68.97% of the stock is currently owned by institutional investors.
Shares of CSX Corp. (NASDAQ:CSX) opened at 34.80 on Wednesday. The company’s 50 day moving average price is $32.17 and its 200 day moving average price is $28.86. The company has a market cap of $32.60 billion, a price-to-earnings ratio of 19.37 and a beta of 1.11. CSX Corp. has a 12 month low of $21.33 and a 12 month high of $35.23.
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, 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 business had revenue of $2.71 billion for the quarter. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, equities analysts expect that CSX Corp. will post $1.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given 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 2.07%. CSX Corp.’s payout ratio is 40.00%.
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CSX has been the topic of several recent analyst reports. Bank of America Corp. reiterated a “buy” rating and set a $32.00 target price on shares of CSX Corp. in a research note on Monday, September 12th. Barclays PLC reiterated an “overweight” rating and set a $35.00 target price on shares of CSX Corp. in a research note on Saturday, October 15th. Vertical Research initiated coverage on CSX Corp. in a research note on Tuesday, October 11th. They set a “hold” rating for the company. Deutsche Bank AG assumed coverage on CSX Corp. in a research note on Wednesday, November 2nd. They set a “buy” rating and a $36.00 target price for the company. Finally, Vetr downgraded CSX Corp. from a “buy” rating to a “hold” rating and set a $33.60 price target for the company. in a research note on Wednesday, November 9th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.45.
In other news, President Clarence W. Gooden sold 16,129 shares of CSX Corp. stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $31.00, for a total value of $499,999.00. Following the transaction, the president now owns 127,954 shares in the company, valued at $3,966,574. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Michael J. Ward sold 300,000 shares of CSX Corp. 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 owns 198,742 shares in the company, valued at approximately $6,155,039.74. The disclosure for this sale can be found here. Company insiders own 0.36% 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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