AE Wealth Management LLC Has $20.52 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

AE Wealth Management LLC boosted its stake in shares of CSX Co. (NASDAQ:CSX) by 11.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 613,580 shares of the transportation company’s stock after purchasing an additional 61,567 shares during the period. AE Wealth Management LLC’s holdings in CSX were worth $20,524,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CSX. Gilbert & Cook Inc. boosted its position in CSX by 4.4% during the fourth quarter. Gilbert & Cook Inc. now owns 19,037 shares of the transportation company’s stock valued at $660,000 after purchasing an additional 798 shares during the last quarter. 9258 Wealth Management LLC lifted its position in shares of CSX by 8.0% in the fourth quarter. 9258 Wealth Management LLC now owns 12,184 shares of the transportation company’s stock valued at $422,000 after buying an additional 900 shares during the last quarter. Gryphon Financial Partners LLC lifted its position in shares of CSX by 7.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 20,416 shares of the transportation company’s stock valued at $693,000 after buying an additional 1,422 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of CSX by 2.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,640,392 shares of the transportation company’s stock valued at $126,212,000 after buying an additional 89,759 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of CSX by 4.1% in the fourth quarter. Clearbridge Investments LLC now owns 64,856 shares of the transportation company’s stock valued at $2,249,000 after buying an additional 2,579 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Price Performance

CSX stock opened at $34.80 on Friday. The stock’s fifty day moving average price is $34.00 and its two-hundred day moving average price is $34.42. CSX Co. has a one year low of $29.03 and a one year high of $40.12. 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 cap of $68.03 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. CSX had a return on equity of 29.11% and a net margin of 24.52%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the company earned $0.49 EPS. The company’s revenue was up .0% on a year-over-year basis. As a group, research analysts expect that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.38%. CSX’s payout ratio is 26.37%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $36.00 price objective on shares of CSX in a research report on Tuesday, August 6th. Wells Fargo & Company assumed coverage on CSX in a research report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price objective for the company. Evercore ISI raised CSX to a “strong-buy” rating in a research report on Tuesday, August 6th. Susquehanna increased their target price on CSX from $40.00 to $41.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. Finally, Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of CSX in a research note on Wednesday, August 7th. Seven 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.80.

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.