CSX Co. (NASDAQ:CSX) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in CSX Co. (NASDAQ:CSX) by 29.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,453 shares of the transportation company’s stock after selling 1,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in CSX were worth $149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ascent Group LLC increased its holdings in shares of CSX by 559.7% in the first quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock valued at $2,179,000 after buying an additional 49,869 shares in the last quarter. International Assets Investment Management LLC grew its stake in CSX by 3,241.9% during the 4th quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock valued at $8,158,000 after acquiring an additional 228,263 shares in the last quarter. PFG Advisors increased its holdings in shares of CSX by 2.1% in the 1st quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after purchasing an additional 387 shares during the period. Partners Group Holding AG boosted its holdings in shares of CSX by 26.8% during the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after purchasing an additional 149,105 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CSX by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock valued at $25,078,000 after buying an additional 34,730 shares during the period. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

NASDAQ:CSX traded down $0.38 on Monday, hitting $33.62. The company’s stock had a trading volume of 2,522,557 shares, compared to its average volume of 11,759,927. The firm has a market capitalization of $65.72 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. The stock has a fifty day moving average of $33.58 and a two-hundred day moving average of $35.02. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.70 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. Research analysts predict that CSX Co. will post 1.94 earnings per share for the current year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, August 30th. CSX’s payout ratio is 26.37%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Susquehanna increased their price objective on CSX from $40.00 to $41.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. UBS Group decreased their price objective on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. boosted their price objective on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 target price on shares of CSX in a report on Tuesday, August 6th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $36.00 price target on shares of CSX in a report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average price target of $38.80.

About CSX

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.