Cleararc Capital Inc. decreased its position in shares of CSX Co. (NASDAQ:CSX) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,103 shares of the transportation company’s stock after selling 1,300 shares during the quarter. Cleararc Capital Inc.’s holdings in CSX were worth $1,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSX. Janus Henderson Group PLC boosted its position in CSX by 33.7% during the third quarter. Janus Henderson Group PLC now owns 12,600,194 shares of the transportation company’s stock valued at $933,045,000 after purchasing an additional 3,178,806 shares in the last quarter. Bank of New York Mellon Corp boosted its position in CSX by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 9,482,962 shares of the transportation company’s stock valued at $702,214,000 after purchasing an additional 193,133 shares in the last quarter. Egerton Capital UK LLP bought a new stake in CSX during the second quarter valued at about $440,710,000. Standard Life Aberdeen plc boosted its position in CSX by 4.9% during the second quarter. Standard Life Aberdeen plc now owns 6,502,962 shares of the transportation company’s stock valued at $414,760,000 after purchasing an additional 301,707 shares in the last quarter. Finally, Morgan Stanley boosted its position in CSX by 13.6% during the second quarter. Morgan Stanley now owns 6,340,678 shares of the transportation company’s stock valued at $404,409,000 after purchasing an additional 757,521 shares in the last quarter. 75.16% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the company. Deutsche Bank raised their price objective on CSX from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. BidaskClub raised CSX from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. Morgan Stanley set a $55.00 price target on CSX and gave the stock a “sell” rating in a report on Monday, October 22nd. Stephens reissued a “buy” rating and issued a $86.00 price target on shares of CSX in a report on Monday, October 22nd. Finally, Argus raised their price target on CSX to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $77.90.

Shares of NASDAQ CSX opened at $69.82 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.43 and a quick ratio of 1.29. The stock has a market capitalization of $59.62 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. CSX Co. has a fifty-two week low of $48.43 and a fifty-two week high of $76.24.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, October 16th. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. CSX had a return on equity of 21.38% and a net margin of 55.19%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities analysts anticipate that CSX Co. will post 3.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, November 29th. CSX’s payout ratio is 38.26%.

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CSX Profile

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

Further Reading: What is an SEC Filing?

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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