Sanctuary Advisors LLC Invests $5.11 Million in CSX Co. (NASDAQ:CSX)

Sanctuary Advisors LLC acquired a new stake in CSX Co. (NASDAQ:CSX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 150,308 shares of the transportation company’s stock, valued at approximately $5,109,000.

Several other institutional investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the second quarter valued at approximately $26,000. Financial Synergies Wealth Advisors Inc. purchased a new position in shares of CSX in the first quarter valued at $29,000. MFA Wealth Advisors LLC purchased a new stake in CSX during the 2nd quarter worth about $27,000. Fairscale Capital LLC bought a new position in CSX in the 2nd quarter worth about $32,000. Finally, Valued Wealth Advisors LLC grew its holdings in CSX by 172.7% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Price Performance

Shares of CSX stock opened at $34.49 on Friday. 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 fifty-two week low of $29.03 and a fifty-two week high of $40.12. The firm has a market cap of $67.43 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.91 and a beta of 1.19. The business’s 50 day moving average price is $33.97 and its 200-day moving average price is $34.13.

CSX (NASDAQ:CSX) last issued its quarterly earnings data 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the business earned $0.49 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts anticipate that CSX Co. will post 1.93 earnings per share for the current year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.39%. CSX’s dividend payout ratio (DPR) is 26.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSX. Evercore ISI raised shares of CSX to a “strong-buy” rating in a report on Tuesday, August 6th. Benchmark restated a “buy” rating and set a $40.00 price target on shares of CSX in a research report on Wednesday, August 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 price objective on shares of CSX in a research report on Tuesday, August 6th. Barclays reduced their target price on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. Finally, Sanford C. Bernstein lifted 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. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.