2,620 Shares in CSX Co. (NASDAQ:CSX) Acquired by Perpetual Ltd

Perpetual Ltd acquired a new position in CSX Co. (NASDAQ:CSX) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,620 shares of the transportation company’s stock, valued at approximately $203,000.

A number of other hedge funds have also modified their holdings of the stock. Janus Henderson Group PLC boosted its stake in CSX by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 12,929,434 shares of the transportation company’s stock valued at $967,382,000 after purchasing an additional 60,234 shares in the last quarter. Egerton Capital UK LLP boosted its stake in CSX by 2.5% during the 1st quarter. Egerton Capital UK LLP now owns 12,140,980 shares of the transportation company’s stock valued at $908,388,000 after purchasing an additional 290,774 shares in the last quarter. Geode Capital Management LLC boosted its stake in CSX by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,386,802 shares of the transportation company’s stock valued at $644,194,000 after purchasing an additional 646,745 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in CSX by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,311,053 shares of the transportation company’s stock valued at $267,854,000 after purchasing an additional 30,225 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in CSX by 2.9% during the 1st quarter. Wells Fargo & Company MN now owns 4,204,104 shares of the transportation company’s stock valued at $314,551,000 after purchasing an additional 116,535 shares in the last quarter. 76.75% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on CSX shares. Stifel Nicolaus set a $80.00 price target on CSX and gave the company a “hold” rating in a research note on Wednesday, April 17th. Credit Suisse Group decreased their price target on CSX from $92.00 to $86.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. TD Securities decreased their price target on CSX from $81.00 to $77.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Goldman Sachs Group started coverage on CSX in a research note on Wednesday, July 10th. They set a “neutral” rating and a $86.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on CSX from $76.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 17th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $78.13.

In other news, EVP Nathan D. Goldman sold 7,000 shares of the stock in a transaction on 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 owns 79,697 shares in the company, valued at $6,335,911.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.83% of the stock is owned by corporate insiders.

Shares of CSX traded down $0.17 during trading hours on Friday, hitting $66.57. 3,440,841 shares of the company were exchanged, compared to its average volume of 7,903,005. The company has a market capitalization of $53.27 billion, a P/E ratio of 17.34, a PEG ratio of 1.16 and a beta of 1.21. The company has a quick ratio of 1.44, a current ratio of 1.55 and a debt-to-equity ratio of 1.26. The business’s fifty day moving average is $73.56. CSX Co. has a one year low of $58.47 and a one year high of $80.73.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.08 earnings per share 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 period in the prior year, the business earned $1.01 earnings per share. Equities analysts anticipate that CSX Co. will post 4.15 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.44%. CSX’s payout ratio is currently 25.00%.

About CSX

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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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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