CSX Co. (NASDAQ:CSX) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its stake in CSX Co. (NASDAQ:CSX) by 46.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 637,202 shares of the transportation company’s stock after selling 558,500 shares during the quarter. Toronto Dominion Bank’s holdings in CSX were worth $21,314,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CSX. Banque Cantonale Vaudoise lifted its holdings in CSX by 149.1% in the second quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock valued at $575,000 after acquiring an additional 10,301 shares during the last quarter. Ascent Group LLC grew its holdings in shares of CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock worth $2,179,000 after purchasing an additional 49,869 shares during the period. PFG Advisors increased its position in shares of CSX by 2.1% during the 1st quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after purchasing an additional 387 shares during the last quarter. Partners Group Holding AG raised its holdings in CSX by 26.8% in the 4th quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock valued at $24,427,000 after buying an additional 149,105 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in CSX by 718.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 287,062 shares of the transportation company’s stock valued at $9,952,000 after buying an additional 252,006 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX opened at $33.90 on Friday. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. The firm’s 50 day moving average price is $33.95 and its two-hundred day moving average price is $34.28. The firm has a market cap of $66.27 billion, a P/E ratio of 18.63, a PEG ratio of 1.91 and a beta of 1.19.

CSX (NASDAQ:CSX) last released its quarterly 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. CSX had a return on equity of 29.11% and a net margin of 24.52%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts forecast that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Friday, August 30th. CSX’s dividend payout ratio is 26.37%.

Analyst Ratings Changes

CSX has been the topic of a number of research analyst reports. Bank of America downgraded shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Monday, July 8th. Wells Fargo & Company initiated coverage on shares of CSX in a research report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target for the company. BMO Capital Markets restated an “outperform” rating and issued a $40.00 price target on shares of CSX in a research note on Tuesday, August 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 price objective on shares of CSX in a report on Tuesday, August 6th. Finally, Stephens reissued an “overweight” rating and issued a $42.00 target price on shares of CSX in a report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CSX has an average rating of “Moderate Buy” and an average target price of $38.93.

CSX 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.