Traders sold shares of CSX Co. (NASDAQ:CSX) on strength during trading on Tuesday. $34.70 million flowed into the stock on the tick-up and $83.72 million flowed out of the stock on the tick-down, for a money net flow of $49.02 million out of the stock. Of all companies tracked, CSX had the 20th highest net out-flow for the day. CSX traded up $0.02 for the day and closed at $73.32

CSX has been the topic of a number of analyst reports. Deutsche Bank set a $79.00 price objective on CSX and gave the company a “buy” rating in a report on Friday, June 8th. BidaskClub lowered CSX from a “strong-buy” rating to a “buy” rating in a report on Friday, June 15th. Zacks Investment Research raised CSX from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Tuesday, June 19th. Citigroup lifted their price objective on CSX from $67.00 to $75.00 and gave the company a “buy” rating in a report on Monday, June 25th. Finally, ValuEngine raised CSX from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $69.45.

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 cap of $63.54 billion, a PE ratio of 31.77, a P/E/G ratio of 1.54 and a beta of 1.24.

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

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

Several hedge funds have recently bought and sold shares of CSX. Archford Capital Strategies LLC acquired a new position in shares of CSX during the 1st quarter worth approximately $109,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of CSX during the 1st quarter worth approximately $123,000. IMS Capital Management acquired a new position in shares of CSX during the 2nd quarter worth approximately $124,000. Strategic Wealth Partners Ltd. acquired a new position in shares of CSX during the 2nd quarter worth approximately $128,000. Finally, Kaizen Advisory LLC raised its position in shares of CSX by 150.5% during the 2nd quarter. Kaizen Advisory LLC now owns 2,164 shares of the transportation company’s stock worth $138,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

CSX Company Profile (NASDAQ: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.

Further Reading: Average Daily Trade Volume – ADTV

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