CSX Co. (NASDAQ:CSX) Shares Purchased by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT raised its position in shares of CSX Co. (NASDAQ:CSX) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,317 shares of the transportation company’s stock after purchasing an additional 1,546 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in CSX were worth $1,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of CSX by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,251,716 shares of the transportation company’s stock worth $2,418,883,000 after acquiring an additional 443,755 shares during the period. Capital International Investors lifted its stake in shares of CSX by 14.3% in the 4th quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock worth $1,399,104,000 after acquiring an additional 5,041,679 shares during the period. Fisher Asset Management LLC lifted its stake in shares of CSX by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 22,340,864 shares of the transportation company’s stock worth $774,558,000 after acquiring an additional 433,228 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of CSX by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock worth $573,128,000 after acquiring an additional 1,060,204 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of CSX by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock worth $415,466,000 after acquiring an additional 1,060,617 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Evercore ISI raised shares of CSX to a “strong-buy” rating in a research note on Tuesday, August 6th. Bank of America downgraded shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Monday, July 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $36.00 target price on shares of CSX in a report on Tuesday, August 6th. Finally, Stephens reiterated an “overweight” rating and issued a $42.00 target price on shares of CSX in a report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.80.

CSX Stock Down 0.1 %

CSX stock opened at $34.05 on Thursday. CSX Co. has a 52-week low of $29.03 and a 52-week high of $40.12. The company’s 50 day simple moving average is $33.98 and its 200-day simple moving average is $34.41. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. The firm has a market capitalization of $66.57 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.77 and a beta of 1.19.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. As a group, equities research analysts anticipate that CSX Co. will post 1.93 EPS for the current year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.12 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 1.41%. CSX’s dividend payout ratio is presently 26.37%.

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.