Pendal Group Ltd bought a new position in shares of CSX Co. (NASDAQ:CSX – Get Rating) in Q1, reports Holdings Channel.com. The company bought 7,355 shares of the transportation company, valued at around $275,000.
Other institutional investors have also recently increased or reduced their stake in the company. Norges Bank acquired a new position in CSX during the fourth quarter worth $732,770,000. Capital World Investors increased its holdings in CSX by 4.4% during the fourth quarter. Capital World Investors now owns 184,488,460 shares of the transportation company worth $6,936,719,000 after acquiring an additional 7,841,524 shares during the period. BlackRock Inc. increased its holdings in CSX by 3.5% during the fourth quarter. BlackRock Inc. now owns 151,615,861 shares of the transportation company worth $5,700,758,000 after acquiring an additional 5,149,812 shares during the period. Assenagon Asset Management SA increased its holdings in CSX by 333.6% during the first quarter. Assenagon Asset Management SA now owns 4,834,206 shares of the transportation company worth $181,041,000 after acquiring an additional 3,719,186 shares during the period. Finally, Deutsche Bank AG increased its holdings in CSX by 34.5% during the fourth quarter. Deutsche Bank AG now owns 10,149,656 shares of the transportation company worth $381,627,000 after acquiring an additional 2,602,708 shares during the period. Institutional investors and hedge funds hold 74.81% of the company’s shares.
A number of research analysts have weighed in on the company recently. Raymond James dropped its price target on CSX from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday. Argus raised its target price on CSX from $39.00 to $41.00 in a Friday, April 22 report. Susquehanna Bancshares lowered its target price on CSX from $45.00 to $36.00 and rated the stock “positive” in a report on Wednesday. TD Securities downgraded CSX from a “buy” rating to a “hold” rating and lowered its target price for the company from $41.00 to $38.00 in a Monday, April 18 report. Finally, Credit Suisse Group began covering CSX in a Monday, June 27 report. They issued an “outperform” rating and a target price of $35.00 on the stock. One research analyst gave the stock a sell rating, five gave the company a hold rating and fifteen gave the company a buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.52.
The NASDAQ CSX opened at $28.99 on Friday. The company’s 50-day moving average price is $31.17 and its 200-day moving average price is $33.93. CSX Co. has a 12-month low of $28.09 and a 12-month high of $38.63. The company has a market cap of $63.03 billion, a PE ratio of 16.47, a price-to-earnings growth ratio of 1.56, and a beta of 1.21. The company has a current ratio of 1.46, a quick ratio of 1.32 and a debt ratio of 1.21.
CSX (NASDAQ:CSX – Get Rating) last released its results on Wednesday, April 20. The transportation company reported earnings per share of $0.39 for the quarter, beating the consensus estimate of $0.38 by $0.01. CSX had a return on equity of 27.47% and a net margin of 29.98%. The company posted revenue of $3.41 billion for the quarter, versus a consensus estimate of $3.31 billion. In the same period a year earlier, the company posted earnings of $0.31 per share. The company’s revenue for the quarter increased by 21.3% compared to the same quarter last year. Equity analysts predict that CSX Co. will post EPS of 1.83 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Tuesday, May 31 received a dividend of $0.10. The ex-dividend date was Friday, May 27. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 1.38%. CSX’s dividend payout ratio (DPR) is 22.73%.
Separately, director John J. Zillmer sold 16,000 shares of the company in a transaction dated Monday, June 6. The stock was sold at an average price of $32.25, for a total value of $516,000.00. As a result of the transaction, the administrator now directly owns 320,763 shares of the company, valued at approximately $10,344,606.75. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Insiders of the company own 0.37% of the shares of the company.
CSX profile (Get an evaluation)
CSX Corporation, together with its subsidiaries, provides rail freight transportation services. The company offers rail services; and the transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk cargo operations. It transports chemicals, agricultural and food products, motor vehicles, minerals, forest products, fertilizers, metals and equipment; and coal, coke, and iron ore to power plants, steelmakers, and industrial plants, as well as coal exported to deep-sea port facilities.
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