Bokf Na Has $3.01 Million Holdings in CSX Co. (NASDAQ:CSX)

Bokf Na lifted its position in shares of CSX Co. (NASDAQ:CSX) by 11.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,880 shares of the transportation company’s stock after acquiring an additional 9,348 shares during the quarter. Bokf Na’s holdings in CSX were worth $3,006,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise grew its holdings in CSX by 149.1% during 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 during the last quarter. Ascent Group LLC increased its holdings in CSX by 559.7% in the first 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 period. PFG Advisors raised its position in CSX by 2.1% during the 1st quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after purchasing an additional 387 shares during the last quarter. Partners Group Holding AG lifted its holdings in CSX by 26.8% during the 4th quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after buying an additional 149,105 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its position in shares of CSX by 718.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 287,062 shares of the transportation company’s stock valued at $9,952,000 after buying an additional 252,006 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX stock opened at $33.52 on Friday. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The firm has a market capitalization of $65.53 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19. The firm has a fifty day simple moving average of $33.91 and a two-hundred day simple moving average of $34.52. 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 (NASDAQ:CSX) last announced its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. Analysts forecast that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, August 30th. CSX’s payout ratio is currently 26.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CSX shares. BMO Capital Markets restated an “outperform” rating and set a $40.00 price objective on shares of CSX in a research report on Tuesday, August 6th. Susquehanna boosted their price target on shares of CSX from $40.00 to $41.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $36.00 price objective on shares of CSX in a research note on Tuesday, August 6th. Evercore ISI upgraded shares of CSX to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, Bank of America cut shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and an average target price of $38.80.

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.