Douglass Winthrop Advisors LLC Boosts Stock Position in CSX Co. (NASDAQ:CSX)

Douglass Winthrop Advisors LLC raised its holdings in shares of CSX Co. (NASDAQ:CSX) by 72.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,176 shares of the transportation company’s stock after purchasing an additional 14,400 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in CSX were worth $1,180,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CSX. Fisher Asset Management LLC grew its stake in CSX by 3.6% in the 3rd quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock worth $851,404,000 after acquiring an additional 857,302 shares in the last quarter. Bank of New York Mellon Corp grew its stake in CSX by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock worth $573,128,000 after purchasing an additional 1,060,204 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in CSX by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock worth $415,466,000 after purchasing an additional 1,060,617 shares during the period. Charles Schwab Investment Management Inc. raised its position in CSX by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,592,143 shares of the transportation company’s stock valued at $400,277,000 after purchasing an additional 51,597 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of CSX by 38.7% in the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock worth $225,917,000 after buying an additional 1,884,998 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Up 1.2 %

Shares of CSX stock opened at $35.78 on Monday. The stock has a market cap of $69.00 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The firm has a fifty day moving average price of $34.48 and a 200 day moving average price of $33.94. CSX Co. has a 1 year low of $31.65 and a 1 year high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. Equities research analysts predict that CSX Co. will post 1.84 earnings per share for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio is currently 25.81%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Evercore ISI cut their target price 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. Loop Capital cut their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Citigroup upped their target price on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets reduced their price target 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. raised their price objective on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $38.78.

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.