Alberta Investment Management Corp purchased a new stake in CSX Co. (NASDAQ:CSX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 90,400 shares of the transportation company’s stock, valued at approximately $5,180,000.
Several other large investors have also recently added to or reduced their stakes in the company. Sepio Capital LLC grew its stake in shares of CSX by 1.0% in the fourth quarter. Sepio Capital LLC now owns 14,077 shares of the transportation company’s stock worth $1,019,000 after acquiring an additional 133 shares during the last quarter. Augustine Asset Management Inc. boosted its stake in CSX by 0.5% during the fourth quarter. Augustine Asset Management Inc. now owns 29,100 shares of the transportation company’s stock worth $2,106,000 after buying an additional 133 shares in the last quarter. Asset Dedication LLC boosted its stake in CSX by 22.3% during the fourth quarter. Asset Dedication LLC now owns 734 shares of the transportation company’s stock worth $52,000 after buying an additional 134 shares in the last quarter. Brinker Capital Inc. boosted its stake in CSX by 0.7% during the fourth quarter. Brinker Capital Inc. now owns 21,267 shares of the transportation company’s stock worth $1,539,000 after buying an additional 156 shares in the last quarter. Finally, Sfmg LLC lifted its holdings in shares of CSX by 0.3% during the fourth quarter. Sfmg LLC now owns 68,720 shares of the transportation company’s stock valued at $4,973,000 after acquiring an additional 175 shares during the period. 73.08% of the stock is currently owned by institutional investors.
CSX opened at $67.80 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.61 and a debt-to-equity ratio of 1.39. The stock’s fifty day simple moving average is $62.86 and its 200 day simple moving average is $69.11. CSX Co. has a 1-year low of $46.81 and a 1-year high of $80.62. The stock has a market cap of $52.33 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.43 and a beta of 1.23.
CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 22nd. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.88 billion. CSX had a return on equity of 27.27% and a net margin of 27.74%. CSX’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. Equities analysts forecast that CSX Co. will post 3.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, May 28th. CSX’s dividend payout ratio (DPR) is presently 24.94%.
A number of research analysts have issued reports on CSX shares. Stifel Nicolaus reissued a “buy” rating and set a $71.00 price objective on shares of CSX in a report on Monday, April 6th. Royal Bank of Canada reissued a “neutral” rating on shares of CSX in a report on Wednesday, March 18th. Cowen reissued a “neutral” rating on shares of CSX in a report on Thursday, April 23rd. Deutsche Bank cut their price objective on CSX from $90.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Finally, Barclays reaffirmed a “buy” rating and issued a $67.00 price target on shares of CSX in a report on Tuesday, April 7th. Fourteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. CSX has an average rating of “Hold” and an average price target of $71.39.
In other CSX news, Director Paul C. Hilal sold 700,000 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $68.31, for a total value of $47,817,000.00. Following the completion of the transaction, the director now directly owns 10,489 shares in the company, valued at $716,503.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.58% of the stock is currently owned by company insiders.
CSX Company Profile
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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