Butensky & Cohen Financial Security Inc. boosted its stake in CSX Corp. (NASDAQ:CSX) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 54,477 shares of the company’s stock after buying an additional 1,010 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in CSX Corp. were worth $1,421,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC bought a new stake in CSX Corp. during the first quarter worth about $207,000. Mariner Wealth Advisors LLC raised its stake in CSX Corp. by 1.1% in the first quarter. Mariner Wealth Advisors LLC now owns 9,242 shares of the company’s stock worth $238,000 after buying an additional 105 shares during the last quarter. FDO Partners LLC bought a new stake in CSX Corp. during the first quarter worth about $252,000. Sii Investments Inc. WI bought a new stake in CSX Corp. during the first quarter worth about $256,000. Finally, NEXT Financial Group Inc raised its stake in CSX Corp. by 3.9% in the second quarter. NEXT Financial Group Inc now owns 10,277 shares of the company’s stock worth $268,000 after buying an additional 386 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of CSX Corp. (NASDAQ:CSX) traded down 0.20% during trading on Monday, hitting $29.27. 4,565,037 shares of the stock traded hands. The firm has a 50 day moving average price of $28.40 and a 200-day moving average price of $26.90. The company has a market cap of $27.69 billion, a PE ratio of 15.98 and a beta of 1.32. CSX Corp. has a one year low of $21.33 and a one year high of $30.53.

CSX Corp. (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, July 13th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.69 billion. CSX Corp. had a net margin of 16.07% and a return on equity of 15.24%. CSX Corp.’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. Analysts anticipate that CSX Corp. will post $1.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.18 per share. The ex-dividend date was Monday, August 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.46%. CSX Corp.’s dividend payout ratio is currently 39.13%.

A number of research firms recently issued reports on CSX. Cowen and Company upped their target price on CSX Corp. from $27.00 to $30.00 and gave the company a “market perform” rating in a research note on Friday, July 15th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of CSX Corp. in a research note on Sunday, July 17th. Stifel Nicolaus lowered CSX Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. They noted that the move was a valuation call. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of CSX Corp. in a research note on Friday, July 15th. Finally, BB&T Corp. downgraded CSX Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Three equities 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 stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.54.

About CSX Corp.

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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