CSX Co. (NASDAQ:CSX) Stake Boosted by Natixis

Natixis grew its stake in shares of CSX Co. (NASDAQ:CSX) by 80.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,018,499 shares of the transportation company’s stock after purchasing an additional 455,534 shares during the quarter. Natixis’ holdings in CSX were worth $32,673,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CSX. Vanguard Group Inc. grew its holdings in shares of CSX by 200.0% during the second quarter. Vanguard Group Inc. now owns 186,291,657 shares of the transportation company’s stock valued at $5,976,237,000 after purchasing an additional 124,203,149 shares during the last quarter. BlackRock Inc. grew its holdings in shares of CSX by 191.3% during the second quarter. BlackRock Inc. now owns 142,288,778 shares of the transportation company’s stock valued at $4,564,624,000 after purchasing an additional 93,442,800 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CSX by 201.2% during the second quarter. Geode Capital Management LLC now owns 36,552,387 shares of the transportation company’s stock valued at $1,169,571,000 after purchasing an additional 24,415,872 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of CSX by 188.7% during the second quarter. Bank of New York Mellon Corp now owns 24,666,866 shares of the transportation company’s stock worth $791,313,000 after buying an additional 16,123,717 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of CSX by 199.0% during the second quarter. Lazard Asset Management LLC now owns 24,121,477 shares of the transportation company’s stock worth $773,815,000 after buying an additional 16,055,096 shares during the period. 71.79% of the stock is owned by institutional investors.

In other news, EVP Nathan D. Goldman sold 35,000 shares of the company’s stock in a transaction on Monday, July 26th. The shares were sold at an average price of $32.87, for a total value of $1,150,450.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John J. Zillmer sold 80,000 shares of the company’s stock in a transaction on Monday, July 26th. The stock was sold at an average price of $32.64, for a total transaction of $2,611,200.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 291,487 shares of company stock worth $9,367,739. Company insiders own 0.60% of the company’s stock.

Shares of NASDAQ:CSX traded up $0.27 on Thursday, reaching $32.85. 32,864 shares of the company traded hands, compared to its average volume of 11,113,289. CSX Co. has a fifty-two week low of $25.13 and a fifty-two week high of $34.96. The company’s 50 day moving average is $31.99 and its 200-day moving average is $32.90. The stock has a market capitalization of $74.06 billion, a PE ratio of 22.01, a P/E/G ratio of 1.80 and a beta of 1.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.34 and a quick ratio of 2.20.

CSX (NASDAQ:CSX) last announced its earnings results on Tuesday, July 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. CSX had a net margin of 29.93% and a return on equity of 23.96%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $0.22 EPS. The company’s revenue was up 32.6% on a year-over-year basis. As a group, analysts expect that CSX Co. will post 1.51 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Tuesday, November 30th will be paid a dividend of $0.093 per share. This represents a $0.37 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, November 29th. CSX’s dividend payout ratio (DPR) is currently 30.33%.

Several brokerages have recently issued reports on CSX. Stifel Nicolaus boosted their price objective on CSX from $33.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, July 22nd. Wells Fargo & Company upped their target price on CSX from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 22nd. Cowen upped their target price on CSX from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Thursday, July 22nd. Zacks Investment Research downgraded CSX from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research report on Wednesday, September 29th. Finally, Evercore ISI restated a “buy” rating and issued a $34.00 target price on shares of CSX in a research report on Friday, September 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $34.70.

About CSX

CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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