CSX Co. (NASDAQ:CSX) Shares Purchased by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. raised its holdings in CSX Co. (NASDAQ:CSX) by 1.9% in the first quarter, Holdings Channel reports. The fund owned 6,440 shares of the transportation company’s stock after buying an additional 119 shares during the period. Nicolet Bankshares Inc.’s holdings in CSX were worth $621,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CSX. Vantage Consulting Group Inc acquired a new stake in CSX in the 4th quarter valued at about $30,000. Grant Street Asset Management Inc. acquired a new stake in shares of CSX during the 4th quarter worth approximately $32,000. Clearview Wealth Advisors LLC acquired a new stake in shares of CSX during the 4th quarter worth approximately $33,000. ForthRight Wealth Management LLC acquired a new stake in shares of CSX during the 4th quarter worth approximately $33,000. Finally, Perennial Advisors LLC acquired a new stake in shares of CSX during the 4th quarter worth approximately $39,000. Institutional investors own 73.75% of the company’s stock.

In related news, Director David M. Moffett sold 5,819 shares of CSX stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $101.93, for a total transaction of $593,130.67. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul C. Hilal sold 1,411,705 shares of CSX stock in a transaction on Wednesday, April 28th. The stock was sold at an average price of $100.93, for a total transaction of $142,483,385.65. Following the sale, the director now owns 12,399 shares in the company, valued at $1,251,431.07. The disclosure for this sale can be found here. Insiders sold a total of 2,001,520 shares of company stock worth $201,920,643 over the last 90 days. Company insiders own 0.58% of the company’s stock.

Shares of CSX traded down $0.76 during midday trading on Wednesday, reaching $100.78. The stock had a trading volume of 30,856 shares, compared to its average volume of 3,819,015. CSX Co. has a 1-year low of $60.00 and a 1-year high of $104.87. The company’s fifty day simple moving average is $99.22 and its two-hundred day simple moving average is $92.24. The company has a market cap of $76.33 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 3.00 and a beta of 1.18. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.84 and a quick ratio of 1.73.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Monday, April 19th. The transportation company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.02). CSX had a net margin of 26.08% and a return on equity of 22.83%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. CSX’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, sell-side analysts forecast that CSX Co. will post 3.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Monday, May 31st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.11%. CSX’s payout ratio is 26.86%.

A number of analysts have recently issued reports on the stock. Argus raised their price target on shares of CSX from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 25th. Royal Bank of Canada raised their price target on shares of CSX from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Tuesday, April 27th. Vertical Research started coverage on shares of CSX in a research report on Friday, March 26th. They set a “hold” rating for the company. BMO Capital Markets raised shares of CSX from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $95.00 to $110.00 in a research report on Tuesday, April 27th. Finally, Cowen increased their price objective on shares of CSX from $84.00 to $91.00 and gave the stock a “market perform” rating in a research report on Friday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $94.70.

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 transports chemicals, agricultural and food products, automotive, minerals, 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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