Asset Dedication LLC Buys Shares of 600 CSX Co. (NASDAQ:CSX)

Share on StockTwits

Asset Dedication LLC bought a new stake in shares of CSX Co. (NASDAQ:CSX) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 600 shares of the transportation company’s stock, valued at approximately $42,000.

Other large investors have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC grew its stake in CSX by 25.6% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,347 shares of the transportation company’s stock valued at $262,000 after acquiring an additional 683 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in CSX by 6.8% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 10,698,067 shares of the transportation company’s stock valued at $827,709,000 after acquiring an additional 685,637 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in CSX by 22.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 162,540 shares of the transportation company’s stock valued at $12,575,000 after acquiring an additional 30,174 shares in the last quarter. First Command Financial Services Inc. grew its stake in CSX by 38.5% during the 2nd quarter. First Command Financial Services Inc. now owns 2,931 shares of the transportation company’s stock valued at $227,000 after acquiring an additional 814 shares in the last quarter. Finally, Chase Investment Counsel Corp grew its stake in CSX by 45.9% during the 2nd quarter. Chase Investment Counsel Corp now owns 50,476 shares of the transportation company’s stock valued at $3,905,000 after acquiring an additional 15,881 shares in the last quarter. 75.74% of the stock is currently owned by institutional investors.

Shares of CSX stock opened at $68.67 on Friday. The stock has a 50-day simple moving average of $68.56 and a 200-day simple moving average of $73.04. CSX Co. has a 52-week low of $58.47 and a 52-week high of $80.73. 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 firm has a market cap of $55.70 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.30 and a beta of 1.24.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.96 annualized dividend and a yield of 1.40%. CSX’s dividend payout ratio (DPR) is currently 25.00%.

CSX has been the topic of several research analyst reports. Credit Suisse Group lifted their target price on CSX from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and reduced their price target for the company from $85.00 to $81.00 in a report on Wednesday, July 10th. UBS Group reduced their price target on CSX from $81.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 17th. Royal Bank of Canada reduced their price target on CSX to $75.00 and set a “sector perform” rating for the company in a report on Wednesday, July 17th. Finally, Cascend Securities lowered CSX from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $77.69.

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.

Recommended Story: The role of implied volatility with call option volume

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Thar Token 24-Hour Volume Reaches $26.00
Thar Token 24-Hour Volume Reaches $26.00
FuzzBalls Trading Down 3.3% Over Last 7 Days
FuzzBalls Trading Down 3.3% Over Last 7 Days
Vaughan Nelson Investment Management L.P. Boosts Holdings in Citigroup Inc
Vaughan Nelson Investment Management L.P. Boosts Holdings in Citigroup Inc
Knight-Swift Transportation Holdings Inc  Shares Sold by Vaughan Nelson Investment Management L.P.
Knight-Swift Transportation Holdings Inc Shares Sold by Vaughan Nelson Investment Management L.P.
AT&T Inc.  Shares Sold by Vaughan Nelson Investment Management L.P.
AT&T Inc. Shares Sold by Vaughan Nelson Investment Management L.P.
Ecolab Inc.  Shares Acquired by Puzo Michael J
Ecolab Inc. Shares Acquired by Puzo Michael J


 
© 2006-2019 Zolmax.