Bath Savings Trust Co Has $1.73 Million Stock Position in CSX Co. (NASDAQ:CSX)

Bath Savings Trust Co cut its position in CSX Co. (NASDAQ:CSX) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,214 shares of the transportation company’s stock after selling 328 shares during the quarter. Bath Savings Trust Co’s holdings in CSX were worth $1,734,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the second quarter valued at approximately $26,000. Financial Synergies Wealth Advisors Inc. acquired a new position in CSX during the first quarter worth about $29,000. MFA Wealth Advisors LLC bought a new position in CSX in the 2nd quarter valued at approximately $27,000. Fairscale Capital LLC bought a new position in shares of CSX in the 2nd quarter valued at $32,000. Finally, Valued Wealth Advisors LLC boosted its stake in shares of CSX by 172.7% during the first quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 594 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Trading Down 2.4 %

NASDAQ:CSX opened at $33.65 on Tuesday. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. 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’s 50 day moving average is $33.97 and its 200 day moving average is $34.10. The stock has a market capitalization of $65.78 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19.

CSX (NASDAQ:CSX) last released its quarterly earnings data 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 company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. CSX’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Sell-side analysts expect that CSX Co. will post 1.93 earnings per share for the current year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of CSX from $41.00 to $42.00 and gave the company a “positive” rating in a research note on Wednesday, October 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $40.00 price objective on shares of CSX in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their target price on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Barclays decreased their price target on shares of CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Finally, Stephens reissued an “overweight” rating and set a $42.00 price objective on shares of CSX in a report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

About CSX

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.