Brown Advisory Inc. raised its position in shares of CSX Corp. (NASDAQ:CSX) by 26.2% during the second quarter, Holdings Channel reports. The institutional investor owned 109,418 shares of the company’s stock after buying an additional 22,694 shares during the period. Brown Advisory Inc.’s holdings in CSX Corp. were worth $2,853,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CSX. Fishman Jay A Ltd. MI increased its stake in CSX Corp. by 6.7% in the second quarter. Fishman Jay A Ltd. MI now owns 11,924 shares of the company’s stock valued at $311,000 after buying an additional 750 shares during the period. Prudential Financial Inc. increased its stake in CSX Corp. by 45.4% in the second quarter. Prudential Financial Inc. now owns 2,156,330 shares of the company’s stock valued at $56,238,000 after buying an additional 673,092 shares during the period. Private Advisor Group LLC increased its stake in CSX Corp. by 29.8% in the second quarter. Private Advisor Group LLC now owns 28,522 shares of the company’s stock valued at $741,000 after buying an additional 6,541 shares during the period. Teacher Retirement System of Texas increased its stake in CSX Corp. by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 628,739 shares of the company’s stock valued at $16,398,000 after buying an additional 15,847 shares during the period. Finally, Capital Advisors Inc. OK increased its stake in CSX Corp. by 7.6% in the second quarter. Capital Advisors Inc. OK now owns 266,104 shares of the company’s stock valued at $6,940,000 after buying an additional 18,772 shares during the period. 68.55% of the stock is currently owned by institutional investors and hedge funds.

CSX Corp. (NASDAQ:CSX) traded up 0.54% during midday trading on Thursday, hitting $29.87. 1,324,869 shares of the stock were exchanged. The company has a 50 day moving average price of $28.49 and a 200 day moving average price of $26.95. CSX Corp. has a one year low of $21.33 and a one year high of $30.53. The firm has a market capitalization of $28.26 billion, a price-to-earnings ratio of 16.30 and a beta of 1.32.

CSX Corp. (NASDAQ:CSX) last issued its earnings results on Wednesday, July 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. CSX Corp. had a net margin of 16.07% and a return on equity of 15.24%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. Equities analysts anticipate that CSX Corp. will post $1.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, August 29th. CSX Corp.’s dividend payout ratio (DPR) is presently 39.13%.

CSX has been the topic of several analyst reports. Barclays PLC raised shares of CSX Corp. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $30.00 to $35.00 in a research note on Monday, September 12th. BMO Capital Markets reissued an “outperform” rating and issued a $29.00 target price on shares of CSX Corp. in a research report on Thursday, July 7th. Wolfe Research raised shares of CSX Corp. from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research report on Tuesday, September 13th. Citigroup Inc. reissued a “buy” rating and issued a $29.00 target price on shares of CSX Corp. in a research report on Thursday, July 14th. Finally, Bank of America Corp. reissued a “buy” rating and issued a $32.00 target price on shares of CSX Corp. in a research report on Monday, September 12th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.54.

CSX Corp. Company Profile

CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business.

5 Day Chart for NASDAQ:CSX

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