Vanguard Personalized Indexing Management LLC Acquires 11,145 Shares of CSX Co. (NASDAQ:CSX)

Vanguard Personalized Indexing Management LLC lifted its stake in CSX Co. (NASDAQ:CSX) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,777 shares of the transportation company’s stock after purchasing an additional 11,145 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CSX were worth $5,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Synergies Wealth Advisors Inc. purchased a new position in CSX during the 1st quarter valued at about $29,000. MFA Wealth Advisors LLC bought a new position in CSX in the 2nd quarter valued at approximately $27,000. Valued Wealth Advisors LLC boosted 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 valued at $35,000 after buying an additional 594 shares during the last quarter. Burkett Financial Services LLC purchased a new stake in CSX during the 4th quarter valued at $34,000. Finally, Tortoise Investment Management LLC bought a new stake in CSX during the 4th quarter worth approximately $35,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Down 0.1 %

NASDAQ:CSX opened at $34.05 on Thursday. The firm has a 50 day moving average of $33.98 and a 200 day moving average of $34.41. The stock has a market capitalization of $66.57 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.77 and a beta of 1.19. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.70 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. As a group, sell-side analysts anticipate that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Announces Dividend

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

Wall Street Analysts Forecast Growth

CSX has been the subject of several recent analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $40.00 price target on shares of CSX in a research note on Tuesday, August 6th. Royal Bank of Canada restated a “sector perform” rating and set a $36.00 price target on shares of CSX in a report on Tuesday, August 6th. Wells Fargo & Company started coverage on shares of CSX in a research report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price objective on the stock. Sanford C. Bernstein lifted their target price on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Finally, Susquehanna lifted their price target on shares of CSX from $40.00 to $41.00 and gave the company a “positive” rating in a research note on Wednesday, August 7th. Seven 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. According to data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average price target of $38.80.

About CSX

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.