Blair William & Co. IL Has $5.68 Million Stock Position in CSX Co. (NASDAQ:CSX)

Blair William & Co. IL raised its stake in CSX Co. (NASDAQ:CSX) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,741 shares of the transportation company’s stock after acquiring an additional 5,621 shares during the quarter. Blair William & Co. IL’s holdings in CSX were worth $5,678,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Banque Cantonale Vaudoise boosted its holdings in CSX by 149.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock valued at $575,000 after purchasing an additional 10,301 shares during the period. Ascent Group LLC boosted its stake in shares of CSX by 559.7% in the first quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock valued at $2,179,000 after buying an additional 49,869 shares during the period. PFG Advisors grew its position in CSX by 2.1% during the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after buying an additional 387 shares in the last quarter. Partners Group Holding AG increased its stake in CSX by 26.8% during the 4th quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after acquiring an additional 149,105 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its holdings in CSX by 718.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 287,062 shares of the transportation company’s stock valued at $9,952,000 after acquiring an additional 252,006 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSX has been the topic of a number of recent analyst reports. Benchmark restated a “buy” rating and issued a $40.00 price target on shares of CSX in a research report on Wednesday, August 7th. Stephens reissued an “overweight” rating and issued a $42.00 target price on shares of CSX in a report on Tuesday, August 6th. 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 report on Tuesday, August 6th. Bank of America cut shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Monday, July 8th. Finally, Wells Fargo & Company started coverage on CSX in a research note on Friday, June 7th. They set an “equal weight” rating and a $35.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

CSX Price Performance

Shares of CSX opened at $34.93 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. The stock has a market cap of $68.29 billion, a PE ratio of 19.19, a PEG ratio of 1.77 and a beta of 1.19. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12. The business has a 50-day simple moving average of $34.02 and a two-hundred day simple moving average of $34.37.

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

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. CSX’s dividend payout ratio (DPR) is presently 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.