First National Trust Co Raises Stock Holdings in CSX Co. (NASDAQ:CSX)

First National Trust Co boosted its holdings in shares of CSX Co. (NASDAQ:CSX) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,471 shares of the transportation company’s stock after purchasing an additional 480 shares during the quarter. First National Trust Co’s holdings in CSX were worth $4,850,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Itau Unibanco Holding S.A. acquired a new position in CSX in the second quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new position in shares of CSX in the 2nd quarter worth approximately $27,000. Morton Brown Family Wealth LLC bought a new stake in shares of CSX in the 3rd quarter valued at approximately $31,000. Fairscale Capital LLC acquired a new stake in shares of CSX during the 2nd quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new position in CSX during the second quarter worth $33,000. 73.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Evercore ISI reduced their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus decreased their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada dropped their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. BMO Capital Markets reduced their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their target price on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.61.

CSX Trading Up 1.4 %

Shares of NASDAQ:CSX opened at $36.52 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX Co. has a 1-year low of $30.30 and a 1-year high of $40.12. The stock has a market capitalization of $70.43 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.28 and a beta of 1.19. The company has a 50 day moving average price of $34.19 and a 200 day moving average price of $33.84.

CSX (NASDAQ:CSX) last posted its quarterly earnings data 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). The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, research analysts anticipate that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.31%. CSX’s dividend payout ratio (DPR) is presently 25.81%.

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.