CSX Co. (NASDAQ:CSX) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its holdings in CSX Co. (NASDAQ:CSX) by 40.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,431 shares of the transportation company’s stock after acquiring an additional 4,715 shares during the quarter. Atomi Financial Group Inc.’s holdings in CSX were worth $567,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CSX. Banque Cantonale Vaudoise lifted its position in shares of CSX by 149.1% during 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 last quarter. Ascent Group LLC grew its position in shares of CSX by 559.7% in 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 in the last quarter. PFG Advisors raised 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. Sei Investments Co. lifted its stake in CSX by 4.2% during the first quarter. Sei Investments Co. now owns 597,426 shares of the transportation company’s stock worth $22,146,000 after purchasing an additional 23,938 shares during the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new position in CSX in the second quarter worth $867,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CSX. Barclays reduced their price target on shares of CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Bank of America lowered CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a report on Monday, July 8th. BMO Capital Markets reissued an “outperform” rating and issued a $40.00 price target on shares of CSX in a report on Tuesday, August 6th. Sanford C. Bernstein increased their target price on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Finally, Susquehanna raised their target price on CSX from $41.00 to $42.00 and gave the company a “positive” rating in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.19.

CSX Stock Up 0.8 %

CSX opened at $34.53 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. The company has a market capitalization of $67.50 billion, a PE ratio of 18.97, a P/E/G ratio of 1.91 and a beta of 1.19. The stock’s fifty day moving average is $33.92 and its 200-day moving average is $34.05. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, beating 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 net margin of 24.52% and a return on equity of 29.11%. CSX’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. On average, equities analysts predict that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.39%. CSX’s dividend payout ratio (DPR) is 26.37%.

CSX 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.