CSX Co. (NASDAQ:CSX) Shares Acquired by Czech National Bank

Czech National Bank boosted its position in CSX Co. (NASDAQ:CSX) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 394,942 shares of the transportation company’s stock after purchasing an additional 22,356 shares during the quarter. Czech National Bank’s holdings in CSX were worth $13,637,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in shares of CSX during the 2nd quarter worth about $26,000. Financial Synergies Wealth Advisors Inc. purchased a new position in CSX during the first quarter valued at approximately $29,000. MFA Wealth Advisors LLC purchased a new position in CSX during the second quarter valued at approximately $27,000. Fairscale Capital LLC acquired a new stake in CSX in the second quarter valued at approximately $32,000. Finally, Valued Wealth Advisors LLC lifted its stake in CSX by 172.7% in the first quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 594 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Trading Up 1.1 %

Shares of NASDAQ:CSX traded up $0.37 during trading on Friday, hitting $34.49. 10,243,425 shares of the company’s stock were exchanged, compared to its average volume of 11,546,590. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The firm has a 50-day moving average price of $33.97 and a two-hundred day moving average price of $34.15. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42. The firm has a market cap of $67.43 billion, a P/E ratio of 18.95, a PEG ratio of 1.91 and a beta of 1.19.

CSX (NASDAQ:CSX) last issued 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. CSX had a net margin of 24.52% and a return on equity of 29.11%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the previous year, the company earned $0.49 EPS. CSX’s revenue was up .0% on a year-over-year basis. Equities analysts predict that CSX Co. will post 1.93 earnings per share for the current year.

CSX Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CSX. JPMorgan Chase & Co. boosted their price objective on shares of CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $36.00 price objective on shares of CSX in a research note on Tuesday, August 6th. Evercore ISI upgraded shares of CSX to a “strong-buy” rating in a research note on Tuesday, August 6th. BMO Capital Markets restated an “outperform” rating and issued a $40.00 price objective on shares of CSX in a research note on Tuesday, August 6th. Finally, Stephens reiterated an “overweight” rating and set a $42.00 target price on shares of CSX in a research note on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.