Proquility Private Wealth Partners LLC Has $2.55 Million Stock Position in CSX Co. (NASDAQ:CSX)

Proquility Private Wealth Partners LLC grew its position in shares of CSX Co. (NASDAQ:CSX) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,764 shares of the transportation company’s stock after buying an additional 7,385 shares during the quarter. Proquility Private Wealth Partners LLC’s holdings in CSX were worth $2,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise boosted its holdings in shares of CSX by 149.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock worth $575,000 after acquiring an additional 10,301 shares in the last quarter. Ascent Group LLC raised its position in CSX by 559.7% in the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock valued at $2,179,000 after purchasing an additional 49,869 shares during the last quarter. PFG Advisors boosted its stake in CSX by 2.1% in the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after purchasing an additional 387 shares in the last quarter. Sei Investments Co. grew its holdings in shares of CSX by 4.2% during the first quarter. Sei Investments Co. now owns 597,426 shares of the transportation company’s stock worth $22,146,000 after purchasing an additional 23,938 shares during the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new stake in shares of CSX in the second quarter valued at $867,000. 73.57% of the stock is owned by institutional investors.

CSX Trading Up 0.3 %

Shares of NASDAQ CSX opened at $35.60 on Wednesday. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The stock has a market cap of $69.60 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.90 and a beta of 1.19. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. The company’s fifty day moving average is $34.01 and its 200-day moving average is $33.98.

CSX (NASDAQ:CSX) last posted its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.70 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Equities research analysts predict that CSX Co. will post 1.93 EPS for the current year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. 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 research analysts recently issued reports on CSX shares. Citigroup assumed coverage on shares of CSX in a research report on Wednesday, October 9th. They set a “buy” rating and a $42.00 price target on the stock. Sanford C. Bernstein raised their price target on shares of CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Monday, July 8th. JPMorgan Chase & Co. upped their price objective on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of CSX in a research note on Wednesday, August 7th. Finally, Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of CSX in a research note on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.19.

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.