CSX Co. (NASDAQ:CSX) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of CSX Co. (NASDAQ:CSX) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,107,207 shares of the transportation company’s stock after purchasing an additional 75,238 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in CSX were worth $38,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC grew its position in CSX by 12.0% in the 1st quarter. Acadian Asset Management LLC now owns 42,999 shares of the transportation company’s stock worth $1,592,000 after purchasing an additional 4,606 shares during the last quarter. Clearbridge Investments LLC increased its position in CSX by 1.8% in the 1st quarter. Clearbridge Investments LLC now owns 66,026 shares of the transportation company’s stock valued at $2,448,000 after acquiring an additional 1,170 shares during the period. Advisors Asset Management Inc. raised its stake in CSX by 581.7% during the 1st quarter. Advisors Asset Management Inc. now owns 5,283 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 4,508 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in CSX by 58.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,336,019 shares of the transportation company’s stock valued at $86,596,000 after acquiring an additional 858,387 shares in the last quarter. Finally, Linscomb Wealth Inc. boosted its position in CSX by 3.6% during the 1st quarter. Linscomb Wealth Inc. now owns 38,432 shares of the transportation company’s stock worth $1,425,000 after acquiring an additional 1,346 shares during the period. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CSX. Stephens cut their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Citigroup boosted their price target on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price objective on shares of CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Barclays boosted their target price on CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of CSX in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.78.

CSX Price Performance

CSX opened at $35.31 on Friday. The firm has a market capitalization of $68.09 billion, a P/E ratio of 18.98, a PEG ratio of 2.20 and a beta of 1.19. The stock has a fifty day moving average of $34.43 and a 200-day moving average of $33.93. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. CSX Co. has a 12-month low of $31.65 and a 12-month high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period in the prior year, the company posted $0.42 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Equities analysts forecast that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio is currently 25.81%.

CSX 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.