CSX Co. (NASDAQ:CSX) Shares Purchased by World Investment Advisors LLC

World Investment Advisors LLC increased its position in shares of CSX Co. (NASDAQ:CSX) by 137.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,145 shares of the transportation company’s stock after purchasing an additional 9,344 shares during the quarter. World Investment Advisors LLC’s holdings in CSX were worth $557,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. raised its holdings in shares of CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of CSX in the second quarter worth $26,000. Fairscale Capital LLC acquired a new position in shares of CSX in the second quarter worth $32,000. Morton Brown Family Wealth LLC acquired a new position in shares of CSX in the third quarter worth $31,000. Finally, Addison Advisors LLC raised its holdings in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Price Performance

CSX stock opened at $32.93 on Wednesday. The stock has a 50-day moving average price of $34.74 and a two-hundred day moving average price of $34.09. CSX Co. has a 12-month low of $31.74 and a 12-month high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $63.50 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share 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 company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period in the previous year, the company earned $0.42 EPS. CSX’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts predict that CSX Co. will post 1.84 EPS for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, November 29th. CSX’s payout ratio is 25.81%.

Analyst Ratings Changes

CSX has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Stephens cut their price target on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada dropped their target price on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Loop Capital dropped their target price on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Susquehanna dropped their target price on CSX from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.78.

About CSX

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.