CSX Co. (NASDAQ:CSX) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its holdings in CSX Co. (NASDAQ:CSX) by 6.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 383,749 shares of the transportation company’s stock after purchasing an additional 22,081 shares during the period. Cetera Investment Advisers’ holdings in CSX were worth $12,836,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CSX. Price T Rowe Associates Inc. MD increased its position in shares of CSX by 18.1% during the fourth 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 during the period. Interval Partners LP increased its holdings in 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 purchasing an additional 4,579,344 shares during the period. Manning & Napier Advisors LLC acquired a new stake in CSX in the 2nd quarter valued at about $116,430,000. M&G Plc purchased a new position in shares of CSX in the 1st quarter valued at about $126,089,000. Finally, Wulff Hansen & CO. grew its position in shares of CSX by 3,243.0% during the second quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company’s stock worth $73,331,000 after buying an additional 2,126,668 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Up 1.1 %

NASDAQ CSX opened at $34.49 on Friday. The firm’s fifty day moving average is $33.97 and its two-hundred day moving average is $34.15. 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 quick ratio of 1.01 and a current ratio of 1.16. The firm has a market cap of $67.43 billion, a PE ratio of 18.95, a P/E/G ratio of 1.91 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, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.70 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. Analysts expect that CSX Co. will post 1.93 earnings per share for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio (DPR) is 26.37%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of CSX in a report on Wednesday, August 7th. 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 note on Monday, July 8th. JPMorgan Chase & Co. raised their price target on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Evercore ISI raised CSX to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $40.00 target price on shares of CSX in a research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, CSX has an average rating of “Moderate Buy” and a consensus price target 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.