Knights of Columbus Asset Advisors LLC Has $6.10 Million Stock Position in CSX Corporation $CSX

Knights of Columbus Asset Advisors LLC increased its holdings in shares of CSX Corporation (NASDAQ:CSX) by 1.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 186,778 shares of the transportation company’s stock after purchasing an additional 2,985 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in CSX were worth $6,095,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rossby Financial LCC acquired a new position in shares of CSX during the 1st quarter worth approximately $28,000. Barnes Dennig Private Wealth Management LLC bought a new position in CSX during the first quarter worth $30,000. Kessler Investment Group LLC acquired a new position in shares of CSX in the first quarter valued at $32,000. Cornerstone Planning Group LLC raised its position in shares of CSX by 45.8% in the first quarter. Cornerstone Planning Group LLC now owns 1,414 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 444 shares during the period. Finally, Caldwell Sutter Capital Inc. lifted its stake in shares of CSX by 87.7% during the 1st quarter. Caldwell Sutter Capital Inc. now owns 1,541 shares of the transportation company’s stock worth $45,000 after buying an additional 720 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CSX shares. Robert W. Baird decreased their price target on shares of CSX from $44.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Citigroup upped their target price on CSX from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Jefferies Financial Group reissued a “buy” rating on shares of CSX in a report on Monday, September 29th. Raymond James Financial boosted their price target on CSX from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. increased their price objective on CSX from $34.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.95.

CSX Stock Performance

CSX stock opened at $36.01 on Monday. The business has a 50 day moving average of $34.23 and a 200-day moving average of $32.01. The company has a market capitalization of $67.13 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.79 and a beta of 1.29. CSX Corporation has a 1 year low of $26.22 and a 1 year high of $37.25. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. CSX had a net margin of 21.92% and a return on equity of 25.48%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities research analysts predict that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 29th. CSX’s dividend payout ratio (DPR) is currently 32.10%.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.