Aaron Wealth Advisors LLC Acquires 1,714 Shares of CSX Co. (NASDAQ:CSX)

Aaron Wealth Advisors LLC raised its stake in shares of CSX Co. (NASDAQ:CSX) by 26.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,214 shares of the transportation company’s stock after purchasing an additional 1,714 shares during the period. Aaron Wealth Advisors LLC’s holdings in CSX were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CSX. Interval Partners LP boosted its stake in shares of CSX by 849.0% during the 2nd quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock worth $171,222,000 after purchasing an additional 4,579,344 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of CSX during the second quarter valued at approximately $116,430,000. M&G Plc bought a new position in shares of CSX during the first quarter valued at approximately $126,089,000. Wulff Hansen & CO. raised its holdings in shares of CSX by 3,243.0% in the second quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company’s stock worth $73,331,000 after buying an additional 2,126,668 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of CSX by 38.7% during the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock worth $225,917,000 after acquiring an additional 1,884,998 shares during the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Trading Up 3.1 %

NASDAQ CSX opened at $34.12 on Friday. The firm has a market cap of $66.70 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average price of $34.02 and a 200 day moving average price of $33.95.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a net margin of 24.52% and a return on equity of 29.11%. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Announces Dividend

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 paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.41%. CSX’s payout ratio is 26.37%.

Analysts Set New Price Targets

CSX has been the topic of a number of recent analyst reports. TD Cowen reduced their target price on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday. Barclays decreased their price objective on shares of CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. Susquehanna dropped their target price on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Thursday. Citigroup began coverage on CSX in a research report on Wednesday, October 9th. They set a “buy” rating and a $42.00 target price for the company. Finally, Sanford C. Bernstein increased their price target on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.61.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.