First Midwest Bank Trust Division Trims Position in CSX Co. (NASDAQ:CSX)

First Midwest Bank Trust Division lessened its stake in shares of CSX Co. (NASDAQ:CSX) by 2.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,754 shares of the transportation company’s stock after selling 500 shares during the quarter. First Midwest Bank Trust Division’s holdings in CSX were worth $1,715,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. First Trust Advisors LP increased its position in shares of CSX by 157.7% during the 1st quarter. First Trust Advisors LP now owns 889,852 shares of the transportation company’s stock worth $66,579,000 after purchasing an additional 544,542 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of CSX by 5.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,594,156 shares of the transportation company’s stock worth $119,276,000 after purchasing an additional 83,296 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of CSX during the 1st quarter worth about $225,000. Sepio Capital LLC acquired a new stake in shares of CSX during the 1st quarter worth about $1,066,000. Finally, Park National Corp OH increased its position in shares of CSX by 32.1% during the 2nd quarter. Park National Corp OH now owns 263,452 shares of the transportation company’s stock worth $20,383,000 after purchasing an additional 64,070 shares in the last quarter. 75.74% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:CSX opened at $68.67 on Friday. CSX Co. has a one year low of $58.47 and a one year high of $80.73. The company has a 50 day moving average of $68.56 and a 200-day moving average of $73.04. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.41 and a quick ratio of 1.44. The stock has a market cap of $55.70 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 1.30 and a beta of 1.24.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 16th. The transportation company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. CSX had a net margin of 27.91% and a return on equity of 27.67%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the company earned $1.05 EPS. CSX’s revenue was down 4.8% on a year-over-year basis. Equities research analysts anticipate that CSX Co. will post 4.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, November 27th. CSX’s dividend payout ratio is 25.00%.

Several research firms have weighed in on CSX. Credit Suisse Group raised their price objective on shares of CSX from $79.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank of Canada lowered their price objective on shares of CSX to $75.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 17th. Bank of America lowered their price objective on shares of CSX from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday. ValuEngine cut shares of CSX from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, BidaskClub upgraded shares of CSX from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $77.69.

CSX 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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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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