NN Investment Partners Holdings N.V. increased its position in shares of CSX Co. (NASDAQ:CSX) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,196 shares of the transportation company’s stock after acquiring an additional 7,065 shares during the period. NN Investment Partners Holdings N.V.’s holdings in CSX were worth $22,896,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in CSX. QUANTRES ASSET MANAGEMENT Ltd bought a new position in CSX during the third quarter valued at about $296,000. Oppenheimer & Co. Inc. raised its holdings in CSX by 10.8% during the third quarter. Oppenheimer & Co. Inc. now owns 95,937 shares of the transportation company’s stock valued at $7,103,000 after buying an additional 9,368 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in CSX by 4.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 69,642 shares of the transportation company’s stock valued at $5,157,000 after buying an additional 3,025 shares in the last quarter. Barings LLC raised its holdings in CSX by 100.6% during the third quarter. Barings LLC now owns 60,209 shares of the transportation company’s stock valued at $4,459,000 after buying an additional 30,200 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. bought a new position in CSX during the third quarter valued at about $3,575,000. Institutional investors and hedge funds own 76.09% of the company’s stock.
CSX stock opened at $68.81 on Wednesday. CSX Co. has a twelve month low of $48.26 and a twelve month high of $76.24. The stock has a market cap of $55.66 billion, a P/E ratio of 29.92, a PEG ratio of 1.30 and a beta of 1.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.43.
CSX (NASDAQ:CSX) last released its earnings results on Tuesday, October 16th. The transportation company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. CSX had a return on equity of 21.38% and a net margin of 55.19%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, sell-side analysts predict that CSX Co. will post 3.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 29th. CSX’s payout ratio is 38.26%.
Several equities research analysts have recently issued reports on the company. BidaskClub raised CSX from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Scotiabank set a $72.00 price target on CSX and gave the company a “hold” rating in a research report on Wednesday, July 18th. Stifel Nicolaus raised their price target on CSX from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 18th. Raymond James raised their price target on CSX from $70.00 to $75.00 and gave the company a “$69.00” rating in a research report on Wednesday, July 18th. Finally, Cowen reaffirmed a “$69.00” rating and issued a $74.00 price target on shares of CSX in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $77.60.
CSX Company Profile
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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