Mckinley Capital Management LLC Delaware trimmed its stake in shares of CSX Co. (NASDAQ:CSX) by 2.6% during the third quarter, HoldingsChannel.com reports. The firm owned 483,990 shares of the transportation company’s stock after selling 12,681 shares during the period. CSX comprises about 2.3% of Mckinley Capital Management LLC Delaware’s holdings, making the stock its 9th largest position. Mckinley Capital Management LLC Delaware’s holdings in CSX were worth $35,839,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CSX. Zions Bancorporation acquired a new stake in CSX in the 3rd quarter valued at approximately $105,000. Acropolis Investment Management LLC acquired a new stake in CSX in the 3rd quarter valued at approximately $107,000. LeJeune Puetz Investment Counsel LLC acquired a new stake in CSX in the 3rd quarter valued at approximately $112,000. Psagot Investment House Ltd. acquired a new stake in CSX in the 3rd quarter valued at approximately $128,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in CSX in the 3rd quarter valued at approximately $138,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Shares of NASDAQ CSX opened at $70.50 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.43 and a quick ratio of 1.29. The firm has a market cap of $58.81 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 1.37 and a beta of 1.27. CSX Co. has a 1 year low of $48.26 and a 1 year high of $76.24.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, October 16th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.05 billion. CSX had a return on equity of 21.38% and a net margin of 55.19%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. Equities research analysts forecast that CSX Co. will post 3.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 29th. CSX’s payout ratio is currently 38.26%.

Several analysts recently commented on the company. BidaskClub upgraded CSX from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. Morgan Stanley set a $55.00 target price on CSX and gave the company a “sell” rating in a research report on Monday, October 22nd. Stephens restated a “buy” rating and issued a $86.00 target price on shares of CSX in a research report on Monday, October 22nd. Argus raised their target price on CSX to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 18th. Finally, TD Securities raised their target price on CSX from $76.00 to $80.00 and gave the company a “hold” rating in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $77.60.

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CSX Profile

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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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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