Commonwealth Equity Services LLC Buys 25,810 Shares of CSX Co. (NASDAQ:CSX)

Commonwealth Equity Services LLC increased its position in shares of CSX Co. (NASDAQ:CSX) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 875,550 shares of the transportation company’s stock after acquiring an additional 25,810 shares during the quarter. Commonwealth Equity Services LLC’s holdings in CSX were worth $30,233,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CSX. Price T Rowe Associates Inc. MD grew its stake in 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 acquiring an additional 443,755 shares during the period. Bank of New York Mellon Corp grew its position in shares of CSX by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock valued at $573,128,000 after purchasing an additional 1,060,204 shares during the period. Dimensional Fund Advisors LP increased its stake in CSX by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock worth $415,466,000 after purchasing an additional 1,060,617 shares in the last quarter. Bank of Montreal Can raised its holdings in CSX by 38.7% during the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock worth $225,917,000 after buying an additional 1,884,998 shares during the period. Finally, Interval Partners LP lifted its stake in CSX by 849.0% in the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock valued at $171,222,000 after buying an additional 4,579,344 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 1.3 %

CSX stock opened at $33.66 on Tuesday. 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’s 50-day moving average is $34.03 and its 200-day moving average is $33.92. The firm has a market capitalization of $65.80 billion, a PE ratio of 18.49, a P/E/G ratio of 1.90 and a beta of 1.19. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 29.11% and a net margin of 24.52%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period last year, the firm earned $0.42 EPS. CSX’s quarterly revenue was up 1.3% compared to the same quarter last year. Sell-side analysts anticipate that CSX Co. will post 1.93 earnings per share for the current year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CSX. BMO Capital Markets dropped their price objective on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Stephens cut their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Stifel Nicolaus decreased their price objective on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company dropped their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Finally, Evercore ISI reduced their price target on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.61.

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.