MBB Public Markets I LLC lifted its position in CSX Co. (NASDAQ:CSX – Free Report) by 11.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,218,194 shares of the transportation company’s stock after buying an additional 129,828 shares during the period. CSX comprises about 0.8% of MBB Public Markets I LLC’s investment portfolio, making the stock its 22nd biggest position. MBB Public Markets I LLC’s holdings in CSX were worth $40,749,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Banque Cantonale Vaudoise grew its stake in CSX by 149.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock worth $575,000 after buying an additional 10,301 shares in the last quarter. Ascent Group LLC lifted 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 acquiring an additional 49,869 shares during the last quarter. PFG Advisors grew its position in CSX by 2.1% in the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after acquiring an additional 387 shares in the last quarter. Partners Group Holding AG increased its stake in CSX by 26.8% in the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock valued at $24,427,000 after acquiring an additional 149,105 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in CSX by 718.9% during 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 purchasing an additional 252,006 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on CSX shares. Susquehanna upped their price objective on CSX from $40.00 to $41.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Evercore ISI raised shares of CSX to a “strong-buy” rating in a research note on Tuesday, August 6th. Stephens reaffirmed an “overweight” rating and issued a $42.00 price objective on shares of CSX in a research note on Tuesday, August 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of CSX in a report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned 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 target price of $38.93.
CSX Stock Performance
CSX stock opened at $33.90 on Friday. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The stock’s 50 day simple moving average is $33.95 and its two-hundred day simple moving average is $34.28. 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 stock has a market cap of $66.27 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.91 and a beta of 1.19.
CSX (NASDAQ:CSX – Get Free Report) last issued 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 company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.70 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. As a group, analysts expect that CSX Co. will post 1.93 earnings per share for the current fiscal year.
CSX Dividend Announcement
The business also recently declared 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. The ex-dividend date was Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. CSX’s payout ratio is presently 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.
Read More
- Five stocks we like better than CSX
- What Are Dividend Achievers? An Introduction
- Rocket Lab Stock Soars: Should Investors Chase the Rally?
- About the Markup Calculator
- KB Home Slips After Earnings: What’s Next for Homebuilders?
- What does consumer price index measure?
- Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat
Want to see what other hedge funds are holding CSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSX Co. (NASDAQ:CSX – Free Report).
Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.