Cpwm LLC Has $552,000 Position in CSX Co. (CSX)
Cpwm LLC increased its stake in shares of CSX Co. (NASDAQ:CSX) by 82.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,460 shares of the transportation company’s stock after acquiring an additional 3,379 shares during the period. Cpwm LLC’s holdings in CSX were worth $552,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSX. Zions Bancorporation bought a new stake in CSX in the third quarter valued at approximately $105,000. Acropolis Investment Management LLC bought a new stake in CSX in the third quarter valued at approximately $107,000. LeJeune Puetz Investment Counsel LLC bought a new stake in CSX in the third quarter valued at approximately $112,000. Rational Advisors LLC raised its stake in CSX by 94.6% in the third quarter. Rational Advisors LLC now owns 1,707 shares of the transportation company’s stock valued at $126,000 after buying an additional 830 shares during the period. Finally, Psagot Investment House Ltd. bought a new stake in CSX in the third quarter valued at approximately $128,000. Institutional investors and hedge funds own 75.16% of the company’s stock.
Several equities analysts have recently commented on CSX shares. Deutsche Bank upped their target price on CSX from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Stifel Nicolaus set a $85.00 target price on CSX and gave the company a “buy” rating in a research report on Wednesday, October 17th. BidaskClub raised CSX from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Citigroup upped their target price on CSX from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, October 1st. Finally, Bank of America upped their target price on CSX from $77.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, October 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $77.90.
CSX (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, October 16th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.11. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.05 billion. CSX had a return on equity of 21.38% and a net margin of 55.19%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, analysts anticipate that CSX Co. will post 3.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, November 29th. CSX’s dividend payout ratio is currently 38.26%.
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.
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