Usca Ria LLC purchased a new position in CSX Co. (NASDAQ:CSX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,981 shares of the transportation company’s stock, valued at approximately $2,784,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IMA Wealth Inc. bought a new position in shares of CSX during the first quarter worth $35,000. Kavar Capital Partners LLC bought a new position in shares of CSX during the second quarter worth $35,000. Destination Wealth Management bought a new position in shares of CSX during the first quarter worth $36,000. FNY Investment Advisers LLC bought a new position in shares of CSX during the second quarter worth $36,000. Finally, Field & Main Bank bought a new position in shares of CSX during the first quarter worth $41,000. Institutional investors and hedge funds own 76.74% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Cascend Securities lowered shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Zacks Investment Research downgraded shares of CSX from a “hold” rating to a “sell” rating and set a $83.00 price target on the stock. in a research note on Monday, July 8th. Cowen reaffirmed a “market perform” rating and set a $78.00 price target (down previously from $80.00) on shares of CSX in a research note on Wednesday, July 17th. Raymond James decreased their price target on shares of CSX from $84.00 to $81.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada decreased their price target on shares of CSX to $75.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company’s stock. CSX presently has an average rating of “Hold” and a consensus price target of $78.13.

CSX stock traded up $0.68 during midday trading on Friday, hitting $65.09. 3,793,100 shares of the company’s stock were exchanged, compared to its average volume of 5,769,791. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.44 and a current ratio of 1.55. CSX Co. has a 12 month low of $58.47 and a 12 month high of $80.73. The firm has a 50-day moving average of $71.88 and a two-hundred day moving average of $74.26. The company has a market cap of $51.41 billion, a PE ratio of 16.95, a P/E/G ratio of 1.12 and a beta of 1.21.

CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, July 16th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.03). CSX had a return on equity of 26.96% and a net margin of 27.87%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the company earned $1.01 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts expect that CSX Co. will post 4.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, August 29th. CSX’s dividend payout ratio is currently 25.00%.

In other news, EVP Nathan D. Goldman sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $79.50, for a total value of $556,500.00. Following the sale, the executive vice president now directly owns 79,697 shares in the company, valued at approximately $6,335,911.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.83% of the stock is currently owned by company insiders.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

Featured Article: How to Invest in Marijuana Stocks

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.