Swiss National Bank Has $80,963,000 Position in CSX Corp. (CSX)
Swiss National Bank reduced its position in shares of CSX Corp. (NASDAQ:CSX) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,654,520 shares of the company’s stock after selling 45,300 shares during the period. Swiss National Bank owned 0.28% of CSX Corp. worth $80,963,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marco Investment Management LLC increased 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 in the last quarter. Jackson Grant Investment Advisers Inc. increased 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 in the last quarter. IFC Holdings Incorporated FL increased 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 in the last quarter. Canandaigua National Bank & Trust Co. increased 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 in the last quarter. Finally, Private Trust Co. NA increased 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 in the last quarter. Hedge funds and other institutional investors own 68.97% of the company’s stock.
Shares of CSX Corp. (NASDAQ:CSX) opened at 34.80 on Wednesday. CSX Corp. has a 12 month low of $21.33 and a 12 month high of $35.23. The company has a market cap of $32.60 billion, a price-to-earnings ratio of 19.37 and a beta of 1.11. The company’s 50 day moving average price is $32.17 and its 200 day moving average price is $28.86.
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 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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Several analysts recently weighed in on the company. Vetr cut CSX Corp. from a “hold” rating to a “sell” rating and set a $33.25 price target for the company. in a report on Tuesday, November 15th. Zacks Investment Research cut CSX Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 16th. BMO Capital Markets cut CSX Corp. from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $34.00 to $35.00 in a report on Thursday, November 10th. They noted that the move was a valuation call. Citigroup Inc. reaffirmed a “buy” rating and issued a $34.00 price objective on shares of CSX Corp. in a report on Friday, October 14th. Finally, Cowen and Company lifted their price objective on CSX Corp. from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, October 14th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company’s stock. CSX Corp. has an average rating of “Hold” and an average target price 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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