Hantz Financial Services Inc. Has $5.14 Million Position in CSX Co. (NASDAQ:CSX)

Hantz Financial Services Inc. reduced its position in shares of CSX Co. (NASDAQ:CSX) by 2.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 148,700 shares of the transportation company’s stock after selling 3,171 shares during the period. Hantz Financial Services Inc.’s holdings in CSX were worth $5,135,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise grew its holdings in shares of CSX by 149.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock valued at $575,000 after acquiring an additional 10,301 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CSX by 20.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after acquiring an additional 80,423 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of CSX by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after acquiring an additional 24,430 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock valued at $81,095,000 after acquiring an additional 77,488 shares in the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new position in shares of CSX during the 2nd quarter valued at $867,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Stock Performance

NASDAQ:CSX opened at $36.55 on Friday. CSX Co. has a 12-month low of $31.72 and a 12-month high of $40.12. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $70.48 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19. The firm has a 50-day moving average price of $34.70 and a 200 day moving average price of $34.02.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) 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 business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same period last year, the company earned $0.42 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts anticipate 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. 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 is 25.81%.

Analyst Ratings Changes

Several research firms have recently commented on CSX. Stephens lowered their price target on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Barclays boosted their price target on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of CSX in a report on Wednesday, August 7th. Evercore ISI decreased their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, Wells Fargo & Company decreased their price objective on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.