Two Sigma Securities LLC Takes Position in CSX Corporation $CSX

Two Sigma Securities LLC bought a new position in CSX Corporation (NASDAQ:CSX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,258 shares of the transportation company’s stock, valued at approximately $1,153,000.

Other institutional investors also recently modified their holdings of the company. Arlington Trust Co LLC boosted its stake in CSX by 58.0% during the second quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock worth $32,000 after acquiring an additional 250 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of CSX by 0.4% during the second quarter. Greenleaf Trust now owns 69,023 shares of the transportation company’s stock valued at $3,281,000 after purchasing an additional 263 shares during the last quarter. Syon Capital LLC boosted its position in shares of CSX by 1.0% in the 4th quarter. Syon Capital LLC now owns 28,316 shares of the transportation company’s stock worth $1,026,000 after purchasing an additional 287 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of CSX by 7.3% in the 4th quarter. Root Financial Partners LLC now owns 4,757 shares of the transportation company’s stock worth $172,000 after buying an additional 323 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC increased its position in CSX by 2.7% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 13,235 shares of the transportation company’s stock valued at $480,000 after buying an additional 346 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

Shares of CSX opened at $50.51 on Tuesday. The firm has a market capitalization of $93.57 billion, a P/E ratio of 29.20, a PEG ratio of 2.34 and a beta of 1.21. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.82 and a quick ratio of 0.72. CSX Corporation has a one year low of $31.80 and a one year high of $53.60. The business has a fifty day moving average of $50.00 and a 200 day moving average of $45.67.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.89 billion. CSX had a return on equity of 24.98% and a net margin of 22.21%.CSX’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. As a group, sell-side analysts anticipate that CSX Corporation will post 2 EPS for the current year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. CSX’s dividend payout ratio (DPR) is presently 32.37%.

Insider Buying and Selling at CSX

In other news, Director John J. Zillmer sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total value of $464,500.00. Following the completion of the sale, the director directly owned 353,714 shares in the company, valued at $16,430,015.30. This represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kevin S. Boone sold 136,708 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.70, for a total value of $6,384,263.60. Following the completion of the transaction, the chief financial officer directly owned 208,622 shares in the company, valued at approximately $9,742,647.40. This represents a 39.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 189,708 shares of company stock valued at $9,132,304. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on CSX shares. Wall Street Zen downgraded CSX from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Stifel Nicolaus set a $54.00 price target on CSX in a report on Thursday, July 23rd. TD Cowen lifted their price target on CSX from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Evercore set a $51.00 price target on shares of CSX in a research note on Thursday, July 23rd. Finally, Stephens began coverage on shares of CSX in a research report on Wednesday, July 8th. They set an “overweight” rating and a $57.00 price objective on the stock. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.31.

CSX Company Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.