Mackenzie Financial Corp Has $5.88 Million Stock Position in CSX Co. (NASDAQ:CSX)

Mackenzie Financial Corp lowered its position in CSX Co. (NASDAQ:CSX) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,624 shares of the transportation company’s stock after selling 1,285 shares during the quarter. Mackenzie Financial Corp’s holdings in CSX were worth $5,875,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Banque Cantonale Vaudoise lifted its position in CSX by 149.1% in the second quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock worth $575,000 after purchasing an additional 10,301 shares during the period. Ascent Group LLC lifted its holdings in shares of CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock worth $2,179,000 after acquiring an additional 49,869 shares during the period. PFG Advisors boosted its position in shares of CSX by 2.1% during the 1st quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after acquiring an additional 387 shares in the last quarter. Partners Group Holding AG increased its stake in CSX by 26.8% in the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock valued at $24,427,000 after acquiring an additional 149,105 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its position in CSX by 718.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 287,062 shares of the transportation company’s stock worth $9,952,000 after purchasing an additional 252,006 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

NASDAQ CSX opened at $34.53 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12. The stock has a market capitalization of $67.50 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19. The stock has a fifty day moving average of $33.92 and a 200-day moving average of $34.18.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. CSX had a return on equity of 29.11% and a net margin of 24.52%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the company earned $0.49 earnings per share. The company’s revenue was up .0% on a year-over-year basis. On average, equities research analysts forecast that CSX Co. will post 1.93 EPS for the current year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 1.39%. CSX’s dividend payout ratio is currently 26.37%.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of recent research reports. Sanford C. Bernstein lifted their price objective on CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Wells Fargo & Company began coverage on CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $40.00 price objective on shares of CSX in a research note on Tuesday, August 6th. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of CSX in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.93.

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.