CSX Co. (NASDAQ:CSX) Holdings Decreased by Axa S.A.

Axa S.A. lowered its stake in CSX Co. (NASDAQ:CSX) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 667,765 shares of the transportation company’s stock after selling 10,414 shares during the quarter. Axa S.A.’s holdings in CSX were worth $22,337,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the 2nd quarter worth $26,000. MFA Wealth Advisors LLC bought a new stake in CSX in the second quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. bought a new position in shares of CSX during the 1st quarter valued at about $29,000. Fairscale Capital LLC acquired a new position in shares of CSX in the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of CSX in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Sanford C. Bernstein lifted their price target on shares of CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Stephens restated an “overweight” rating and issued a $42.00 target price on shares of CSX in a report on Tuesday, August 6th. Evercore ISI raised CSX to a “strong-buy” rating in a report on Tuesday, August 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 price target on shares of CSX in a research note on Tuesday, August 6th. Finally, Bank of America lowered shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Monday, July 8th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.93.

CSX Trading Up 1.1 %

NASDAQ CSX opened at $33.90 on Friday. The company has a market capitalization of $66.27 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The company has a current ratio of 1.16, a quick ratio of 1.01 and a debt-to-equity ratio of 1.42. The firm’s fifty day simple moving average is $33.95 and its 200-day simple moving average is $34.28.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.70 billion. CSX had a return on equity of 29.11% and a net margin of 24.52%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. As a group, sell-side analysts anticipate that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. CSX’s dividend payout ratio (DPR) is 26.37%.

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 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.