CSX Co. (NASDAQ:CSX) Holdings Increased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its holdings in CSX Co. (NASDAQ:CSX) by 21.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 489,887 shares of the transportation company’s stock after purchasing an additional 86,451 shares during the quarter. Aptus Capital Advisors LLC’s holdings in CSX were worth $16,916,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSX. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC bought a new stake 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 worth approximately $31,000. Fairscale Capital LLC bought a new stake in shares of CSX in the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of CSX in the 2nd quarter worth approximately $33,000. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Down 0.5 %

NASDAQ CSX traded down $0.17 during trading on Tuesday, reaching $36.35. The company’s stock had a trading volume of 1,465,389 shares, compared to its average volume of 11,693,240. 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 stock has a market capitalization of $70.10 billion, a PE ratio of 19.63, a PEG ratio of 2.28 and a beta of 1.19. The business has a 50-day moving average price of $34.19 and a 200-day moving average price of $33.84. CSX Co. has a 1-year low of $30.30 and a 1-year high of $40.12.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same quarter last year, the firm earned $0.42 earnings per share. CSX’s revenue was up 1.3% compared to the same quarter last year. On average, research analysts forecast that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Friday, November 29th. CSX’s payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CSX shares. Stifel Nicolaus dropped their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada dropped their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Stephens dropped their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Susquehanna lowered their price objective on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Thursday, October 17th. Finally, Loop Capital lowered their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average target price of $38.61.

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.