CSX Co. (NASDAQ:CSX) Stake Raised by Larson Financial Group LLC

Larson Financial Group LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 20.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,957 shares of the transportation company’s stock after acquiring an additional 1,000 shares during the quarter. Larson Financial Group LLC’s holdings in CSX were worth $206,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Advisors Asset Management Inc. grew its stake in CSX by 581.7% in the first quarter. Advisors Asset Management Inc. now owns 5,283 shares of the transportation company’s stock valued at $196,000 after purchasing an additional 4,508 shares in the last quarter. Comerica Bank grew its stake in shares of CSX by 0.6% in the 1st quarter. Comerica Bank now owns 424,950 shares of the transportation company’s stock valued at $15,753,000 after buying an additional 2,744 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in CSX by 1.6% in the first quarter. Citizens Financial Group Inc. RI now owns 32,823 shares of the transportation company’s stock worth $1,217,000 after buying an additional 505 shares during the last quarter. Virtu Financial LLC acquired a new stake in CSX in the first quarter valued at approximately $431,000. Finally, LRI Investments LLC bought a new stake in CSX in the first quarter worth approximately $220,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

CSX has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, October 17th. Stephens cut their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Susquehanna decreased their target price on CSX from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Thursday, October 17th. Barclays lifted their price target on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of CSX in a research note on Wednesday, August 7th. Seven 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $38.78.

CSX Stock Down 0.3 %

CSX opened at $36.58 on Thursday. CSX Co. has a fifty-two week low of $31.65 and a fifty-two week high of $40.12. The company has a market capitalization of $70.54 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.32 and a beta of 1.19. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The firm’s fifty day moving average price is $34.64 and its two-hundred day moving average price is $33.99.

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

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio (DPR) is 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.