Heritage Wealth Management Inc. purchased a new stake in CSX Co. (NASDAQ:CSX – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 27,574 shares of the transportation company’s stock, valued at approximately $918,000.
A number of other hedge funds also recently bought and sold shares of CSX. Price T Rowe Associates Inc. MD raised its position in shares of CSX by 18.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 64,807,961 shares of the transportation company’s stock worth $2,246,893,000 after acquiring an additional 9,914,656 shares in the last quarter. Capital International Investors raised its position in shares of CSX by 14.3% during the 4th 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 in the last quarter. Interval Partners LP raised its position in shares of CSX by 849.0% during the 2nd quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock worth $171,222,000 after acquiring an additional 4,579,344 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of CSX during the 2nd quarter worth about $116,430,000. Finally, M&G Plc acquired a new stake in shares of CSX during the 1st quarter worth about $126,089,000. Institutional investors and hedge funds own 73.57% of the company’s stock.
CSX Trading Down 0.0 %
Shares of CSX stock opened at $34.52 on Wednesday. The business’s 50 day moving average is $33.94 and its two-hundred day moving average is $34.17. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a market capitalization of $67.48 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19. 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 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 issued 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 1.39%. CSX’s dividend payout ratio is currently 26.37%.
Analyst Upgrades and Downgrades
CSX has been the topic of several research analyst reports. Bank of America lowered CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Monday, July 8th. Benchmark reissued a “buy” rating and set a $40.00 target price on shares of CSX in a research report on Wednesday, August 7th. Stephens reissued an “overweight” rating and set a $42.00 target price on shares of CSX in a research report on Tuesday, August 6th. Evercore ISI upgraded CSX to a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, Sanford C. Bernstein raised their price target on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $38.93.
Get Our Latest Research Report on CSX
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.
Recommended Stories
- Five stocks we like better than CSX
- Upcoming IPO Stock Lockup Period, Explained
- Chinese Stock Surge: Should You Invest After Stimulus Boost?
- What is a Secondary Public Offering? What Investors Need to Know
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What is an Earnings Surprise?
- 2 Energy Stocks Fueling the AI Datacenter Boom
Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.