Crews Bank & Trust Buys 1,800 Shares of CSX Corporation $CSX

Crews Bank & Trust grew its stake in CSX Corporation (NASDAQ:CSX) by 15.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,196 shares of the transportation company’s stock after acquiring an additional 1,800 shares during the period. Crews Bank & Trust’s holdings in CSX were worth $431,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CSX. Brighton Jones LLC grew its holdings in shares of CSX by 5.5% in the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock valued at $525,000 after acquiring an additional 849 shares in the last quarter. Wellington Management Group LLP grew its holdings in CSX by 14.7% during the fourth quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company’s stock worth $3,794,000 after purchasing an additional 15,029 shares during the period. GAMMA Investing LLC grew its holdings in CSX by 3,526.2% during the first quarter. GAMMA Investing LLC now owns 1,056,831 shares of the transportation company’s stock worth $31,103,000 after purchasing an additional 1,027,687 shares during the period. NBC Securities Inc. grew its holdings in CSX by 94,100.0% during the first quarter. NBC Securities Inc. now owns 6,594 shares of the transportation company’s stock worth $194,000 after purchasing an additional 6,587 shares during the period. Finally, Merit Financial Group LLC grew its holdings in CSX by 25.0% during the first quarter. Merit Financial Group LLC now owns 32,091 shares of the transportation company’s stock worth $944,000 after purchasing an additional 6,427 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Trading Up 1.6%

Shares of NASDAQ:CSX opened at $35.57 on Friday. CSX Corporation has a 12-month low of $26.22 and a 12-month high of $37.25. The stock has a market cap of $66.31 billion, a PE ratio of 21.96, a P/E/G ratio of 2.71 and a beta of 1.29. The business has a 50 day moving average of $34.23 and a 200-day moving average of $31.94. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.50.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. CSX had a return on equity of 25.48% and a net margin of 21.92%.The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts forecast that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, August 29th. CSX’s payout ratio is presently 32.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CSX shares. Deutsche Bank Aktiengesellschaft upgraded CSX from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Thursday, July 24th. Sanford C. Bernstein lifted their price target on CSX from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating on shares of CSX in a report on Monday. Bank of America reduced their price target on CSX from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Finally, BMO Capital Markets cut CSX from an “outperform” rating to a “market perform” rating and set a $38.00 price target for the company. in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.50.

CSX Company 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.