YorkBridge Wealth Partners LLC lifted its holdings in CSX Co. (NASDAQ:CSX) by 37.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,539 shares of the transportation company’s stock after purchasing an additional 955 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in CSX were worth $274,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CSX. Toronto Dominion Bank boosted its stake in CSX by 12.9% during the first quarter. Toronto Dominion Bank now owns 548,518 shares of the transportation company’s stock valued at $41,029,000 after buying an additional 62,798 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in CSX by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 90,140 shares of the transportation company’s stock valued at $6,744,000 after buying an additional 1,493 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CSX by 12.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226,432 shares of the transportation company’s stock valued at $16,942,000 after buying an additional 25,506 shares in the last quarter. ACG Wealth boosted its stake in CSX by 8.0% during the first quarter. ACG Wealth now owns 7,141 shares of the transportation company’s stock valued at $534,000 after buying an additional 528 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in CSX by 2.2% during the first quarter. Envestnet Asset Management Inc. now owns 297,450 shares of the transportation company’s stock valued at $22,255,000 after buying an additional 6,348 shares in the last quarter. 76.76% of the stock is owned by institutional investors.
Several research analysts recently weighed in on CSX shares. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Monday, July 8th. BidaskClub cut Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Royal Bank of Canada reaffirmed a “hold” rating and set a $136.00 target price on shares of Continental in a research note on Wednesday, July 17th. Morgan Stanley set a $60.00 target price on Berry Global Group and gave the company a “hold” rating in a research note on Wednesday, April 17th. Finally, Stephens reaffirmed an “overweight” rating and set a $120.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $78.13.
CSX (NASDAQ:CSX) last announced its quarterly earnings data 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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.14 billion. CSX had a return on equity of 26.96% and a net margin of 27.87%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. As a group, equities analysts expect that CSX Co. will post 4.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, August 29th. CSX’s dividend payout ratio is currently 25.00%.
In related news, EVP Nathan D. Goldman sold 7,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total value of $556,500.00. Following the completion of the sale, the executive vice president now directly owns 79,697 shares of the company’s stock, valued at approximately $6,335,911.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.83% of the stock is currently owned by corporate insiders.
CSX Company Profile
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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