CSX Corporation $CSX Stock Position Raised by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of CSX Corporation (NASDAQ:CSX) by 14.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 88,778 shares of the transportation company’s stock after buying an additional 11,357 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in CSX were worth $3,644,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Cohen & Steers Inc. boosted its stake in CSX by 1.2% in the fourth quarter. Cohen & Steers Inc. now owns 8,282,107 shares of the transportation company’s stock valued at $300,226,000 after acquiring an additional 98,977 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of CSX by 81.9% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 944,946 shares of the transportation company’s stock valued at $33,555,000 after purchasing an additional 425,395 shares during the last quarter. Captrust Financial Advisors raised its position in shares of CSX by 4.4% during the 4th quarter. Captrust Financial Advisors now owns 423,312 shares of the transportation company’s stock worth $15,345,000 after purchasing an additional 18,025 shares during the period. Miller Howard Investments Inc. NY raised its position in shares of CSX by 7.8% during the 4th quarter. Miller Howard Investments Inc. NY now owns 223,507 shares of the transportation company’s stock worth $8,102,000 after purchasing an additional 16,139 shares during the period. Finally, Rathbones Group PLC lifted its holdings in shares of CSX by 20.6% in the 3rd quarter. Rathbones Group PLC now owns 207,454 shares of the transportation company’s stock worth $7,367,000 after purchasing an additional 35,403 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX stock opened at $46.20 on Tuesday. CSX Corporation has a 12-month low of $31.80 and a 12-month high of $48.03. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.97 and a quick ratio of 0.83. The firm has a market capitalization of $85.85 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.28 and a beta of 1.22. The business has a 50 day simple moving average of $45.36 and a 200 day simple moving average of $41.07.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 22nd. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. CSX had a return on equity of 24.47% and a net margin of 21.55%.The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts anticipate that CSX Corporation will post 1.9 EPS for the current year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. CSX’s dividend payout ratio (DPR) is 34.36%.

Analysts Set New Price Targets

CSX has been the subject of a number of recent research reports. Raymond James Financial upped their price objective on CSX from $45.00 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their target price on CSX from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Susquehanna boosted their price target on shares of CSX from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, June 5th. Sanford C. Bernstein upped their price target on shares of CSX from $36.00 to $39.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Finally, Stephens upped their price target on shares of CSX from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, April 6th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Insider Transactions at CSX

In related news, CFO Kevin S. Boone sold 136,708 shares of CSX stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the sale, the chief financial officer directly owned 208,622 shares in the company, valued at $9,742,647.40. The trade was a 39.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John J. Zillmer sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total transaction of $464,500.00. Following the completion of the sale, the director directly owned 353,714 shares of the company’s stock, valued at $16,430,015.30. The trade was a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

CSX Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.