CSX Co. (CSX) Holdings Cut by AMP Capital Investors Ltd

AMP Capital Investors Ltd reduced its position in shares of CSX Co. (NASDAQ:CSX) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 444,210 shares of the transportation company’s stock after selling 26,450 shares during the period. AMP Capital Investors Ltd owned about 0.05% of CSX worth $32,964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in CSX by 498.7% during the second quarter. Acadian Asset Management LLC now owns 11,669 shares of the transportation company’s stock worth $744,000 after buying an additional 9,720 shares in the last quarter. Alps Advisors Inc. acquired a new stake in CSX during the second quarter worth about $289,000. Raymond James Financial Services Advisors Inc. grew its stake in CSX by 4.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 141,059 shares of the transportation company’s stock worth $8,997,000 after buying an additional 6,517 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in CSX by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 254,964 shares of the transportation company’s stock worth $16,262,000 after buying an additional 6,441 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in CSX by 5,790.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,066 shares of the transportation company’s stock worth $323,000 after buying an additional 4,980 shares in the last quarter. Institutional investors and hedge funds own 75.95% of the company’s stock.

NASDAQ:CSX opened at $71.77 on Friday. 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 Co. has a one year low of $48.43 and a one year high of $76.24. The company has a market cap of $59.46 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27.

CSX (NASDAQ:CSX) last posted its earnings results on Tuesday, October 16th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. CSX had a net margin of 55.19% and a return on equity of 21.38%. 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 company earned $0.51 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, analysts expect that CSX Co. will post 3.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.88 annualized dividend and a yield of 1.23%. CSX’s dividend payout ratio is presently 38.26%.

A number of equities research analysts have issued reports on the stock. Deutsche Bank increased their price objective on shares of CSX from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, September 27th. Stifel Nicolaus set a $85.00 price objective on shares of CSX and gave the stock a “buy” rating in a research note on Wednesday, October 17th. BidaskClub upgraded shares of CSX from a “hold” rating to a “buy” rating in a research note on Saturday, October 6th. Citigroup raised their price target on shares of CSX from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, October 1st. Finally, Bank of America raised their price target on shares of CSX from $77.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, October 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. CSX has an average rating of “Buy” and a consensus price target of $77.60.

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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.

See Also: Preferred Stock

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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