Guidance Capital Inc. Has $251,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Guidance Capital Inc. lessened its stake in shares of CSX Co. (NASDAQ:CSX) by 19.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,344 shares of the transportation company’s stock after selling 1,782 shares during the period. Guidance Capital Inc.’s holdings in CSX were worth $251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSX. Banque Cantonale Vaudoise boosted its position in shares of CSX by 149.1% in the second quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock valued at $575,000 after acquiring an additional 10,301 shares during the period. Ascent Group LLC lifted its position in CSX by 559.7% in the first quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock worth $2,179,000 after purchasing an additional 49,869 shares during the period. PFG Advisors lifted its position in CSX by 2.1% in the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after purchasing an additional 387 shares during the period. Sei Investments Co. lifted its position in CSX by 4.2% in the first quarter. Sei Investments Co. now owns 597,426 shares of the transportation company’s stock worth $22,146,000 after purchasing an additional 23,938 shares during the period. Finally, William B. Walkup & Associates Inc. bought a new position in CSX in the second quarter worth $867,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

Shares of CSX opened at $33.59 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. The stock has a market cap of $65.67 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. The stock’s 50-day moving average price is $34.04 and its two-hundred day moving average price is $33.90.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 29.11% and a net margin of 24.52%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the business posted $0.42 EPS. CSX’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that CSX Co. will post 1.93 earnings per share for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio (DPR) is currently 26.37%.

Analyst Ratings Changes

CSX has been the subject of several research reports. Evercore ISI reduced their target price on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada reduced their target price on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. TD Cowen reduced their target price on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Barclays cut their price objective on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein lifted their price objective on CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.61.

CSX 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.