Rehmann Capital Advisory Group Has $830,000 Stake in CSX Co. (NASDAQ:CSX)

Rehmann Capital Advisory Group increased its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,990 shares of the transportation company’s stock after acquiring an additional 306 shares during the quarter. Rehmann Capital Advisory Group’s holdings in CSX were worth $830,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Itau Unibanco Holding S.A. acquired a new position in shares of CSX in the second quarter valued at $26,000. Valley Wealth Managers Inc. boosted its holdings in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the period. MFA Wealth Advisors LLC acquired a new position in CSX in the 2nd quarter valued at about $27,000. Morton Brown Family Wealth LLC acquired a new position in CSX in the 3rd quarter valued at about $31,000. Finally, Fairscale Capital LLC bought a new position in CSX in the 2nd quarter valued at about $32,000. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CSX shares. Citigroup upped their target price on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets decreased their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Wells Fargo & Company dropped their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Loop Capital decreased their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, Susquehanna dropped their price objective on shares of CSX from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus target price of $38.78.

CSX Stock Down 1.6 %

Shares of CSX opened at $33.61 on Thursday. The firm has a 50 day simple moving average of $34.82 and a two-hundred day simple moving average of $34.09. 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 Co. has a one year low of $31.74 and a one year high of $40.12. The company has a market cap of $64.81 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.19 and a beta of 1.20.

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

CSX Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. CSX’s payout ratio is currently 25.81%.

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.