131,226 Shares in CSX Corporation $CSX Bought by First National Bank of Omaha

First National Bank of Omaha acquired a new position in CSX Corporation (NASDAQ:CSX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 131,226 shares of the transportation company’s stock, valued at approximately $6,248,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. N.E.W. Advisory Services LLC acquired a new position in shares of CSX during the 2nd quarter worth $27,000. Arlington Trust Co LLC increased its holdings in shares of CSX by 58.0% in the 2nd quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 250 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of CSX in the second quarter valued at about $34,000. Allied Private Wealth LLC acquired a new stake in shares of CSX in the second quarter valued at about $37,000. Finally, Wilkerson Advisory Group LLC boosted its holdings in CSX by 97.4% during the first quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock worth $34,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Insider Buying and Selling

In other CSX news, CFO Kevin S. Boone sold 136,708 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the completion of the transaction, the chief financial officer owned 208,622 shares of the company’s stock, valued at approximately $9,742,647.40. This trade represents a 39.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Angela C. Williams sold 30,000 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $53.29, for a total value of $1,598,700.00. Following the completion of the transaction, the chief accounting officer directly owned 10,437 shares of the company’s stock, valued at approximately $556,187.73. This trade represents a 74.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 189,708 shares of company stock valued at $9,132,304. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CSX has been the topic of several recent analyst reports. Benchmark restated a “buy” rating and set a $54.00 target price (up from $48.00) on shares of CSX in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of CSX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wolfe Research reissued an “outperform” rating and set a $50.00 price target on shares of CSX in a research note on Thursday, April 23rd. Morgan Stanley set a $32.00 price target on CSX and gave the stock an “underweight” rating in a report on Monday, July 6th. Finally, New Street Research set a $49.00 price objective on CSX in a research note on Thursday, April 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.31.

CSX Price Performance

Shares of NASDAQ CSX opened at $50.24 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 1.22. The company’s 50-day moving average price is $49.14 and its 200 day moving average price is $44.92. CSX Corporation has a 52 week low of $31.80 and a 52 week high of $53.60. The stock has a market cap of $93.07 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.29 and a beta of 1.21.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. CSX had a net margin of 22.21% and a return on equity of 24.98%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts forecast that CSX Corporation will post 2 earnings per share for the current fiscal year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. CSX’s dividend payout ratio (DPR) is 32.37%.

CSX Company 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.