Chicago Equity Partners LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 72.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,145 shares of the transportation company’s stock after buying an additional 3,845 shares during the quarter. Chicago Equity Partners LLC’s holdings in CSX were worth $677,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CSX. Xact Kapitalforvaltning AB boosted its stake in shares of CSX by 2.5% in the second quarter. Xact Kapitalforvaltning AB now owns 169,679 shares of the transportation company’s stock valued at $10,822,000 after purchasing an additional 4,219 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of CSX in the second quarter valued at approximately $585,000. Westpac Banking Corp boosted its stake in shares of CSX by 3.4% in the second quarter. Westpac Banking Corp now owns 66,527 shares of the transportation company’s stock valued at $4,243,000 after purchasing an additional 2,183 shares during the period. AMG National Trust Bank purchased a new position in shares of CSX in the second quarter valued at approximately $205,000. Finally, GWM Advisors LLC purchased a new position in shares of CSX in the second quarter valued at approximately $208,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

CSX stock opened at $72.22 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.43. CSX Co. has a twelve month low of $48.33 and a twelve month high of $76.24. The company has a market cap of $59.35 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.39 and a beta of 1.27.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Tuesday, October 16th. The transportation company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. CSX had a net margin of 55.19% and a return on equity of 21.38%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, analysts predict that CSX Co. will post 3.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.22%. CSX’s payout ratio is currently 38.26%.

CSX has been the topic of several analyst reports. Morgan Stanley raised their target price on shares of CSX from $52.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 9th. Bank of America raised their target price on shares of CSX from $77.00 to $82.00 and gave the company a “buy” rating in a report on Monday, October 1st. Citigroup raised their target price on shares of CSX from $75.00 to $85.00 and gave the company a “buy” rating in a report on Monday, October 1st. Stephens reaffirmed a “buy” rating and issued a $85.00 target price on shares of CSX in a report on Tuesday, October 9th. Finally, BidaskClub raised shares of CSX from a “hold” rating to a “buy” rating in a report on Saturday, October 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $77.60.

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CSX Company 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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