B. Metzler seel. Sohn & Co. AG Has $5.34 Million Position in CSX Corporation $CSX

B. Metzler seel. Sohn & Co. AG raised its stake in shares of CSX Corporation (NASDAQ:CSX) by 75.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,588 shares of the transportation company’s stock after buying an additional 78,212 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in CSX were worth $5,344,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CSX. Ameriprise Financial Inc. boosted its stake in shares of CSX by 89.7% during the 4th quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company’s stock valued at $673,025,000 after buying an additional 9,863,587 shares during the period. Nuveen LLC acquired a new stake in shares of CSX during the 1st quarter valued at $182,550,000. Bank of New York Mellon Corp boosted its stake in shares of CSX by 21.6% during the 1st quarter. Bank of New York Mellon Corp now owns 28,383,830 shares of the transportation company’s stock valued at $835,336,000 after buying an additional 5,033,743 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of CSX by 1,283.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,190,452 shares of the transportation company’s stock valued at $123,786,000 after buying an additional 3,887,644 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of CSX during the 4th quarter valued at $117,133,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CSX shares. Citigroup lifted their target price on shares of CSX from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Bank of America raised shares of CSX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $34.00 to $42.00 in a research note on Thursday, July 17th. Robert W. Baird lifted their price objective on shares of CSX from $38.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Benchmark lifted their price objective on shares of CSX from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CSX in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

CSX Stock Performance

Shares of CSX opened at $32.54 on Thursday. The company has a market capitalization of $60.66 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.42 and a beta of 1.25. CSX Corporation has a one year low of $26.22 and a one year high of $37.25. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. The company’s fifty day moving average price is $34.35 and its 200 day moving average price is $31.67.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. CSX had a net margin of 21.92% and a return on equity of 25.48%. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, analysts expect that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 1.6%. CSX’s payout ratio is presently 32.10%.

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.