Bfsg LLC Decreases Position in CSX Co. (NASDAQ:CSX)

Bfsg LLC decreased its holdings in CSX Co. (NASDAQ:CSX) by 2.7% in the third quarter, Holdings Channel reports. The firm owned 305,533 shares of the transportation company’s stock after selling 8,486 shares during the period. CSX comprises about 1.2% of Bfsg LLC’s portfolio, making the stock its 13th largest position. Bfsg LLC’s holdings in CSX were worth $10,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. B.O.S.S. Retirement Advisors LLC boosted its stake in CSX by 11.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 118,730 shares of the transportation company’s stock worth $4,100,000 after purchasing an additional 12,627 shares in the last quarter. AAFMAA Wealth Management & Trust LLC raised its holdings in shares of CSX by 5.4% in the third quarter. AAFMAA Wealth Management & Trust LLC now owns 62,223 shares of the transportation company’s stock worth $2,149,000 after buying an additional 3,194 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of CSX by 4.3% during the third quarter. Vontobel Holding Ltd. now owns 471,659 shares of the transportation company’s stock worth $16,286,000 after buying an additional 19,499 shares during the period. Sumitomo Life Insurance Co. grew its holdings in shares of CSX by 2.5% during the third quarter. Sumitomo Life Insurance Co. now owns 45,141 shares of the transportation company’s stock valued at $1,559,000 after buying an additional 1,101 shares during the last quarter. Finally, Proquility Private Wealth Partners LLC increased its position in shares of CSX by 11.1% in the 3rd quarter. Proquility Private Wealth Partners LLC now owns 73,764 shares of the transportation company’s stock valued at $2,547,000 after acquiring an additional 7,385 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Stock Performance

NASDAQ CSX opened at $35.47 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The stock has a 50-day moving average of $34.05 and a 200 day moving average of $33.99. The stock has a market capitalization of $69.34 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.90 and a beta of 1.19.

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

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. CSX’s dividend payout ratio (DPR) is 26.37%.

Wall Street Analyst Weigh In

CSX has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Stephens reaffirmed an “overweight” rating and set a $42.00 target price on shares of CSX in a report on Tuesday, August 6th. Sanford C. Bernstein increased their price target on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Royal Bank of Canada restated a “sector perform” rating and set a $36.00 price objective on shares of CSX in a research note on Tuesday, August 6th. Finally, Citigroup initiated coverage on shares of CSX in a research note on Wednesday, October 9th. They issued a “buy” rating and a $42.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.19.

CSX Company 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.