Chilton Investment Co. LLC Sells 11,981 Shares of CSX Co. (CSX)
Chilton Investment Co. LLC lessened its stake in shares of CSX Co. (NASDAQ:CSX) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,661,199 shares of the transportation company’s stock after selling 11,981 shares during the quarter. CSX accounts for about 3.7% of Chilton Investment Co. LLC’s investment portfolio, making the stock its 4th largest position. Chilton Investment Co. LLC’s holdings in CSX were worth $105,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the stock. Archford Capital Strategies LLC acquired a new stake in CSX during the 1st quarter valued at $109,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in CSX during the 1st quarter valued at $123,000. IMS Capital Management acquired a new stake in CSX during the 2nd quarter valued at $124,000. Kaizen Advisory LLC increased its holdings in CSX by 150.5% during the 2nd quarter. Kaizen Advisory LLC now owns 2,164 shares of the transportation company’s stock valued at $138,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Sun Life Financial INC increased its holdings in CSX by 950.0% during the 2nd quarter. Sun Life Financial INC now owns 2,373 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 2,147 shares in the last quarter. Institutional investors and hedge funds own 74.59% of the company’s stock.
NASDAQ CSX opened at $74.21 on Friday. The firm has a market capitalization of $64.59 billion, a PE ratio of 32.27, a PEG ratio of 1.57 and a beta of 1.22. CSX Co. has a 52 week low of $48.26 and a 52 week high of $76.24. The company has a quick ratio of 1.48, a current ratio of 1.66 and a debt-to-equity ratio of 0.98.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.19%. CSX’s dividend payout ratio (DPR) is presently 38.26%.
A number of research firms recently weighed in on CSX. BidaskClub cut CSX from a “buy” rating to a “hold” rating in a report on Friday. Scotiabank set a $72.00 target price on CSX and gave the company a “hold” rating in a research note on Wednesday, July 18th. TD Securities lifted their target price on CSX from $68.00 to $71.00 and gave the company a “$69.00” rating in a research note on Wednesday, July 18th. Raymond James lifted their target price on CSX from $70.00 to $75.00 and gave the company a “$69.00” rating in a research note on Wednesday, July 18th. Finally, Morgan Stanley lifted their target price on CSX from $49.00 to $52.00 and gave the company a “sell” rating in a research note on Wednesday, July 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. CSX presently has a consensus rating of “Buy” and an average target price of $69.45.
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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