Tudor Financial Inc. Raises Holdings in CSX Corporation $CSX

Tudor Financial Inc. increased its stake in shares of CSX Corporation (NASDAQ:CSX) by 1,915.2% during the 2nd quarter, Holdings Channel reports. The fund owned 14,066 shares of the transportation company’s stock after purchasing an additional 13,368 shares during the quarter. Tudor Financial Inc.’s holdings in CSX were worth $669,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of CSX by 5.5% during the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock valued at $525,000 after purchasing an additional 849 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in CSX by 3.2% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,410 shares of the transportation company’s stock worth $2,428,000 after buying an additional 2,281 shares in the last quarter. WFA of San Diego LLC acquired a new stake in CSX during the second quarter valued at $28,000. Captrust Financial Advisors grew its position in CSX by 0.8% during the second quarter. Captrust Financial Advisors now owns 405,828 shares of the transportation company’s stock valued at $13,242,000 after buying an additional 3,162 shares during the period. Finally, Horizon Investments LLC increased its holdings in CSX by 22.5% in the third quarter. Horizon Investments LLC now owns 148,355 shares of the transportation company’s stock valued at $5,268,000 after buying an additional 27,280 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CSX

In other CSX news, SVP Michael S. Burns sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $52.68, for a total transaction of $684,840.00. Following the completion of the sale, the senior vice president directly owned 59,643 shares in the company, valued at approximately $3,141,993.24. The trade was a 17.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Angela C. Williams sold 30,000 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $53.29, for a total value of $1,598,700.00. Following the transaction, the chief accounting officer directly owned 10,437 shares of the company’s stock, valued at $556,187.73. The trade was a 74.19% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

CSX Price Performance

Shares of NASDAQ CSX opened at $48.99 on Friday. The firm has a market cap of $90.75 billion, a PE ratio of 28.32, a PEG ratio of 2.29 and a beta of 1.21. The firm has a fifty day moving average of $50.13 and a 200 day moving average of $45.83. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82. CSX Corporation has a one year low of $31.80 and a one year high of $53.60.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. CSX had a net margin of 22.21% and a return on equity of 24.98%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm posted $0.44 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. As a group, research analysts predict that CSX Corporation will post 2 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. CSX’s dividend payout ratio (DPR) is currently 32.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CSX. Weiss Ratings upgraded shares of CSX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Benchmark restated a “buy” rating and set a $54.00 target price (up from $48.00) on shares of CSX in a research report on Wednesday, July 15th. Stephens assumed coverage on CSX in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $57.00 price target for the company. Bank of America lifted their price target on CSX from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $56.00 price target on shares of CSX in a report on Monday, July 13th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.31.

CSX Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.