CSX Co. (NASDAQ:CSX) Stock Holdings Boosted by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise grew its position in shares of CSX Co. (NASDAQ:CSX) by 149.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,208 shares of the transportation company’s stock after purchasing an additional 10,301 shares during the quarter. Banque Cantonale Vaudoise’s holdings in CSX were worth $575,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MFA Wealth Advisors LLC bought a new stake in shares of CSX in the 2nd quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. bought a new position in shares of CSX in the first quarter valued at $29,000. Burkett Financial Services LLC acquired a new stake in shares of CSX during the 4th quarter valued at $34,000. Tortoise Investment Management LLC acquired a new position in shares of CSX in the 4th quarter worth $35,000. Finally, Valued Wealth Advisors LLC raised its position in shares of CSX by 172.7% during the first quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock worth $35,000 after purchasing an additional 594 shares during the period. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CSX. JPMorgan Chase & Co. increased their price target on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Susquehanna lifted their target price on shares of CSX from $40.00 to $41.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $36.00 price target on shares of CSX in a research report on Tuesday, August 6th. Stephens reiterated an “overweight” rating and set a $42.00 price objective on shares of CSX in a research report on Tuesday, August 6th. Finally, Benchmark restated a “buy” rating and issued a $40.00 target price on shares of CSX in a report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $38.80.

CSX Trading Up 1.0 %

Shares of NASDAQ CSX opened at $34.27 on Monday. The stock has a market cap of $67.00 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.82 and a beta of 1.20. The business has a 50 day simple moving average of $33.80 and a 200 day simple moving average of $34.73. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the prior year, the company posted $0.49 earnings per share. CSX’s revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts predict that CSX Co. will post 1.94 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, August 30th. CSX’s dividend payout ratio is currently 26.37%.

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.