Swiss National Bank reduced its stake in CSX Co. (NASDAQ:CSX) by 4.8% in the 3rd quarter, Holdings Channel reports. The firm owned 2,654,620 shares of the transportation company’s stock after selling 133,000 shares during the period. Swiss National Bank’s holdings in CSX were worth $196,575,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Egerton Capital UK LLP bought a new position in CSX in the 2nd quarter worth approximately $440,710,000. Standard Life Aberdeen plc increased its position in shares of CSX by 4.9% during the second quarter. Standard Life Aberdeen plc now owns 6,502,962 shares of the transportation company’s stock valued at $414,760,000 after purchasing an additional 301,707 shares during the period. Morgan Stanley increased its position in shares of CSX by 13.6% during the second quarter. Morgan Stanley now owns 6,340,678 shares of the transportation company’s stock valued at $404,409,000 after purchasing an additional 757,521 shares during the period. Millennium Management LLC increased its position in shares of CSX by 13.3% during the second quarter. Millennium Management LLC now owns 4,847,225 shares of the transportation company’s stock valued at $309,156,000 after purchasing an additional 569,310 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of CSX by 121.4% during the third quarter. Prudential Financial Inc. now owns 3,532,885 shares of the transportation company’s stock valued at $261,611,000 after purchasing an additional 1,937,350 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Shares of CSX stock opened at $69.63 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $58.81 billion, a P/E ratio of 30.27, a P/E/G ratio of 1.37 and a beta of 1.27. CSX Co. has a one year low of $48.26 and a one year high of $76.24.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Tuesday, October 16th. The transportation company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.11. The business had revenue of $3.13 billion for 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%. CSX’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Research analysts expect that CSX Co. will post 3.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, November 29th. CSX’s dividend payout ratio is 38.26%.

A number of research firms have recently issued reports on CSX. Scotiabank set a $72.00 price objective on CSX and gave the company a “hold” rating in a research report on Wednesday, July 18th. Stifel Nicolaus boosted their price objective on CSX from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 18th. BidaskClub upgraded CSX from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Raymond James boosted their price objective on CSX from $70.00 to $75.00 and gave the company a “$69.00” rating in a research report on Wednesday, July 18th. Finally, Cowen restated a “$69.00” rating and set a $74.00 price objective on shares of CSX in a research report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. CSX has an average rating of “Buy” and an average 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.

See Also: Insider Trading

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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