CSX Co. (NASDAQ:CSX) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its position in shares of CSX Co. (NASDAQ:CSX) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 766,509 shares of the transportation company’s stock after purchasing an additional 77,735 shares during the quarter. Ensign Peak Advisors Inc’s holdings in CSX were worth $25,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSX. Gilbert & Cook Inc. grew its stake in shares of CSX by 4.4% during the 4th quarter. Gilbert & Cook Inc. now owns 19,037 shares of the transportation company’s stock worth $660,000 after purchasing an additional 798 shares during the period. 9258 Wealth Management LLC grew its stake in CSX by 8.0% in the 4th quarter. 9258 Wealth Management LLC now owns 12,184 shares of the transportation company’s stock valued at $422,000 after acquiring an additional 900 shares during the period. Gryphon Financial Partners LLC grew its stake in CSX by 7.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 20,416 shares of the transportation company’s stock valued at $693,000 after acquiring an additional 1,422 shares during the period. Clearbridge Investments LLC grew its stake in CSX by 4.1% in the 4th quarter. Clearbridge Investments LLC now owns 64,856 shares of the transportation company’s stock valued at $2,249,000 after acquiring an additional 2,579 shares during the period. Finally, SageView Advisory Group LLC grew its stake in CSX by 13.2% in the 4th quarter. SageView Advisory Group LLC now owns 7,374 shares of the transportation company’s stock valued at $264,000 after acquiring an additional 858 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 0.4 %

NASDAQ CSX opened at $34.93 on Monday. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12. 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 business’s fifty day simple moving average is $34.02 and its 200-day simple moving average is $34.34. The firm has a market cap of $68.29 billion, a PE ratio of 19.19, a P/E/G ratio of 1.77 and a beta of 1.19.

CSX (NASDAQ:CSX) last posted 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. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. As a group, equities analysts anticipate that CSX Co. will post 1.93 earnings per share for the current year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, August 30th. CSX’s payout ratio is 26.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CSX. Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 price target on shares of CSX in a research note on Tuesday, August 6th. Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of CSX in a research note on Wednesday, August 7th. Evercore ISI upgraded CSX to a “strong-buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, Bank of America lowered CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Monday, July 8th. Seven research 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’s stock. Based on data from MarketBeat.com, the company presently 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.