CSX Co. (NASDAQ:CSX) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 16,159,556 shares, a decrease of 18.3% from the August 15th total of 19,785,151 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily volume of 4,245,987 shares, the days-to-cover ratio is currently 3.8 days.

CSX has been the topic of a number of research analyst reports. Scotiabank set a $72.00 price target on CSX and gave the company a “hold” rating in a report on Wednesday, July 18th. Royal Bank of Canada upped their price target on CSX from $71.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, July 18th. BidaskClub raised CSX from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. TD Securities upped their price target on CSX from $68.00 to $71.00 and gave the company a “$69.00” rating in a report on Wednesday, July 18th. Finally, Stifel Nicolaus upped their price target on CSX from $74.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $69.45.

CSX stock opened at $73.48 on Friday. CSX has a fifty-two week low of $48.26 and a fifty-two week high of $76.24. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.48 and a current ratio of 1.66. The stock has a market capitalization of $63.67 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.55 and a beta of 1.24.

CSX (NASDAQ:CSX) last posted its earnings results on Tuesday, July 17th. The transportation company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.15. CSX had a return on equity of 19.31% and a net margin of 53.27%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. CSX’s revenue was up 5.8% on a year-over-year basis. equities analysts predict that CSX will post 3.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Thursday, August 30th. CSX’s dividend payout ratio is 38.26%.

A number of hedge funds have recently bought and sold shares of the business. Steigerwald Gordon & Koch Inc. lifted its holdings in CSX by 42.7% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 6,679 shares of the transportation company’s stock valued at $426,000 after acquiring an additional 2,000 shares during the period. Strategic Wealth Partners Ltd. bought a new position in CSX in the second quarter valued at about $128,000. Truvestments Capital LLC bought a new position in CSX in the second quarter valued at about $836,000. Public Employees Retirement System of Ohio lifted its holdings in CSX by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 579,870 shares of the transportation company’s stock valued at $36,984,000 after acquiring an additional 10,935 shares during the period. Finally, City Holding Co. lifted its holdings in CSX by 67.0% in the second quarter. City Holding Co. now owns 20,743 shares of the transportation company’s stock valued at $1,323,000 after acquiring an additional 8,325 shares during the period. 74.56% of the stock is currently owned by institutional investors.

About CSX

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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