CSX Co. (NASDAQ:CSX) Shares Bought by New Century Financial Group LLC

New Century Financial Group LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 44.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,811 shares of the transportation company’s stock after purchasing an additional 2,703 shares during the period. New Century Financial Group LLC’s holdings in CSX were worth $295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSX. Price T Rowe Associates Inc. MD increased its position in CSX by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,251,716 shares of the transportation company’s stock valued at $2,418,883,000 after buying an additional 443,755 shares in the last quarter. Capital International Investors grew its stake in shares of CSX by 14.3% during the fourth quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock worth $1,399,104,000 after acquiring an additional 5,041,679 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of CSX by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 22,340,864 shares of the transportation company’s stock valued at $774,558,000 after acquiring an additional 433,228 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of CSX by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock valued at $573,128,000 after purchasing an additional 1,060,204 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of CSX by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock valued at $415,466,000 after purchasing an additional 1,060,617 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Down 0.0 %

Shares of NASDAQ:CSX opened at $34.52 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12. The business has a 50 day moving average of $33.94 and a two-hundred day moving average of $34.17. The company has a market capitalization of $67.48 billion, a PE ratio of 18.97, a PEG ratio of 1.91 and a beta of 1.19.

CSX (NASDAQ:CSX) last posted its earnings results 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. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. As a group, analysts forecast that CSX Co. will post 1.93 EPS for the current year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.12 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. CSX’s payout ratio is 26.37%.

Analyst Ratings Changes

Several analysts have weighed in on CSX shares. Sanford C. Bernstein boosted their target price on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Susquehanna boosted their price objective on shares of CSX from $40.00 to $41.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Barclays reduced their target price on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Stephens reiterated an “overweight” rating and set a $42.00 price target on shares of CSX in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased 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. Seven equities research 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.93.

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.