William B. Walkup & Associates Inc. Acquires Shares of 25,923 CSX Co. (NASDAQ:CSX)

William B. Walkup & Associates Inc. bought a new position in shares of CSX Co. (NASDAQ:CSX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 25,923 shares of the transportation company’s stock, valued at approximately $867,000.

Several other institutional investors also recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of CSX in the 2nd quarter worth about $26,000. MFA Wealth Advisors LLC purchased a new position in CSX in the 2nd quarter valued at about $27,000. Financial Synergies Wealth Advisors Inc. purchased a new position in CSX in the 1st quarter valued at about $29,000. Fairscale Capital LLC acquired a new position in shares of CSX during the 2nd quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of CSX during the 2nd quarter valued at about $33,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on CSX shares. Sanford C. Bernstein upped their price objective on shares of CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. Barclays decreased their price target on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. BMO Capital Markets reiterated an “outperform” rating and set a $40.00 target price on shares of CSX in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their target price on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Finally, Evercore ISI upgraded CSX to a “strong-buy” rating in a research note on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.93.

CSX Price Performance

Shares of CSX opened at $34.53 on Monday. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The stock’s fifty day moving average is $33.92 and its 200-day moving average is $34.20.

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

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 1.39%. CSX’s dividend payout ratio is currently 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.