Robeco Institutional Asset Management B.V. lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 1.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 491,866 shares of the transportation company’s stock after purchasing an additional 8,759 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of CSX worth $38,056,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Liberty Wealth Management LLC acquired a new stake in shares of CSX during the fourth quarter worth $28,000. IMA Wealth Inc. acquired a new position in CSX during the first quarter valued at $35,000. Destination Wealth Management acquired a new position in CSX during the first quarter valued at $36,000. Field & Main Bank acquired a new position in CSX during the first quarter valued at $41,000. Finally, Acima Private Wealth LLC acquired a new position in CSX during the first quarter valued at $45,000. 76.76% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on CSX shares. Goldman Sachs Group started coverage on CSX in a research report on Wednesday, July 10th. They set a “neutral” rating and a $86.00 price target on the stock. TD Securities dropped their price target on CSX from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. BMO Capital Markets upped their price target on CSX from $76.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. They noted that the move was a valuation call. Raymond James dropped their price target on CSX from $84.00 to $81.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Deutsche Bank dropped their price target on CSX from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $78.13.
NASDAQ CSX traded down $1.28 on Friday, reaching $66.50. The stock had a trading volume of 190,415 shares, compared to its average volume of 6,426,793. The firm has a 50 day simple moving average of $75.33. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.55 and a quick ratio of 1.44. CSX Co. has a 1 year low of $58.47 and a 1 year high of $80.73. The company has a market capitalization of $56.04 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22.
CSX (NASDAQ:CSX) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.03). The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.14 billion. CSX had a return on equity of 26.96% and a net margin of 27.87%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. On average, research analysts forecast that CSX Co. will post 4.15 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.44%. CSX’s dividend payout ratio (DPR) is presently 25.00%.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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