Blair William & Co. IL Buys 5,621 Shares of CSX Co. (NASDAQ:CSX)

Blair William & Co. IL raised its position in shares of CSX Co. (NASDAQ:CSX) by 3.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 169,741 shares of the transportation company’s stock after purchasing an additional 5,621 shares during the quarter. Blair William & Co. IL’s holdings in CSX were worth $5,678,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its position in shares of CSX by 4.4% during the 4th quarter. Gilbert & Cook Inc. now owns 19,037 shares of the transportation company’s stock valued at $660,000 after purchasing an additional 798 shares in the last quarter. 9258 Wealth Management LLC grew its position in shares of CSX by 8.0% during the 4th quarter. 9258 Wealth Management LLC now owns 12,184 shares of the transportation company’s stock worth $422,000 after buying an additional 900 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of CSX by 7.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 20,416 shares of the transportation company’s stock valued at $693,000 after acquiring an additional 1,422 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of CSX by 4.1% during the 4th quarter. Clearbridge Investments LLC now owns 64,856 shares of the transportation company’s stock valued at $2,249,000 after acquiring an additional 2,579 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in CSX by 18.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 634,675 shares of the transportation company’s stock worth $22,004,000 after acquiring an additional 98,137 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CSX has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 price target on shares of CSX in a research note on Tuesday, August 6th. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of CSX in a research note on Wednesday, August 7th. Stephens reaffirmed an “overweight” rating and set a $42.00 target price on shares of CSX in a research report on Tuesday, August 6th. Finally, Sanford C. Bernstein increased their target price on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

CSX Price Performance

CSX opened at $34.93 on Friday. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. 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 company has a market capitalization of $68.29 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.77 and a beta of 1.19. The firm’s fifty day moving average price is $34.02 and its two-hundred day moving average price is $34.37.

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. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share. As a group, analysts anticipate that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently declared 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 dividend yield of 1.37%. The ex-dividend date was Friday, August 30th. CSX’s payout ratio is 26.37%.

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.