CSX Co. (NASDAQ:CSX) Holdings Trimmed by Profund Advisors LLC

Profund Advisors LLC lowered its position in shares of CSX Co. (NASDAQ:CSX) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,664 shares of the transportation company’s stock after selling 3,050 shares during the quarter. Profund Advisors LLC’s holdings in CSX were worth $5,776,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Western Wealth Management LLC boosted its stake in CSX by 0.8% during the second quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company’s stock valued at $1,208,000 after buying an additional 295 shares in the last quarter. TriaGen Wealth Management LLC boosted its stake in CSX by 2.7% during the second quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company’s stock valued at $385,000 after buying an additional 300 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of CSX by 0.3% in the 1st quarter. Miracle Mile Advisors LLC now owns 103,563 shares of the transportation company’s stock valued at $3,839,000 after purchasing an additional 303 shares during the period. Team Hewins LLC boosted its position in shares of CSX by 1.7% in the 1st quarter. Team Hewins LLC now owns 18,778 shares of the transportation company’s stock valued at $696,000 after purchasing an additional 306 shares during the period. Finally, Zions Bancorporation N.A. boosted its position in shares of CSX by 4.8% in the 2nd quarter. Zions Bancorporation N.A. now owns 6,985 shares of the transportation company’s stock valued at $234,000 after purchasing an additional 322 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.4 %

Shares of NASDAQ CSX opened at $34.93 on Friday. The stock has a market cap of $68.29 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.77 and a beta of 1.19. The business has a 50 day simple moving average of $34.02 and a 200 day simple moving average of $34.37. 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 announced its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. CSX had a net margin of 24.52% and a return on equity of 29.11%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the business posted $0.49 EPS. CSX’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts predict that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 1.37%. CSX’s dividend payout ratio (DPR) is currently 26.37%.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of recent analyst reports. 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 increased their price target on CSX from $40.00 to $41.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 price target on shares of CSX in a research report on Tuesday, August 6th. Sanford C. Bernstein increased their price target on CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Finally, Wells Fargo & Company initiated coverage on CSX in a research report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.80.

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.