Profund Advisors LLC Has $5.78 Million Stock Position in CSX Co. (NASDAQ:CSX)

Profund Advisors LLC cut its position in CSX Co. (NASDAQ:CSX) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,664 shares of the transportation company’s stock after selling 3,050 shares during the quarter. Profund Advisors LLC’s holdings in CSX were worth $5,776,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of CSX by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,251,716 shares of the transportation company’s stock valued at $2,418,883,000 after purchasing an additional 443,755 shares during the last quarter. Capital International Investors grew its holdings in CSX by 14.3% in the 4th quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock valued at $1,399,104,000 after buying an additional 5,041,679 shares during the last quarter. Fisher Asset Management LLC increased its position in CSX by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 22,340,864 shares of the transportation company’s stock worth $774,558,000 after buying an additional 433,228 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of CSX by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock worth $573,128,000 after buying an additional 1,060,204 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CSX by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock valued at $415,466,000 after acquiring an additional 1,060,617 shares during the period. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CSX shares. Sanford C. Bernstein boosted their target price on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Royal Bank of Canada restated a “sector perform” rating and set a $36.00 price objective on shares of CSX in a report on Tuesday, August 6th. Evercore ISI raised shares of CSX to a “strong-buy” rating in a research report on Tuesday, August 6th. Wells Fargo & Company started coverage on CSX in a research report on Friday, June 7th. They set an “equal weight” rating and a $35.00 target price on the stock. Finally, Susquehanna upped their price target on CSX from $40.00 to $41.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average price target of $38.80.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $34.93 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. The business’s fifty day moving average price is $34.02 and its two-hundred day moving average price is $34.37. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The stock has a market capitalization of $68.29 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19.

CSX (NASDAQ:CSX) last posted its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. As a group, analysts predict that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, August 30th. CSX’s payout ratio is 26.37%.

CSX Company Profile

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.