Vontobel Holding Ltd. Buys 19,499 Shares of CSX Co. (NASDAQ:CSX)

Vontobel Holding Ltd. increased its position in shares of CSX Co. (NASDAQ:CSX) by 4.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 471,659 shares of the transportation company’s stock after acquiring an additional 19,499 shares during the quarter. Vontobel Holding Ltd.’s holdings in CSX were worth $16,286,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise lifted its holdings in shares of CSX by 149.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock worth $575,000 after acquiring an additional 10,301 shares during the period. Ascent Group LLC boosted its holdings 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 valued at $2,179,000 after purchasing an additional 49,869 shares in the last quarter. PFG Advisors increased its stake in shares of CSX by 2.1% in the 1st quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after purchasing an additional 387 shares during the last quarter. Sei Investments Co. lifted its position in shares of CSX by 4.2% during the 1st quarter. Sei Investments Co. now owns 597,426 shares of the transportation company’s stock worth $22,146,000 after buying an additional 23,938 shares during the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new stake in CSX in the second quarter valued at about $867,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

Shares of CSX stock opened at $35.47 on Thursday. The stock has a market capitalization of $69.34 billion, a PE ratio of 19.49, a PEG ratio of 1.90 and a beta of 1.19. The business’s 50 day simple moving average is $34.05 and its 200 day simple moving average is $33.99. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

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

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Ratings Changes

Several research analysts have commented on the company. Evercore ISI raised CSX to a “strong-buy” rating in a research note on Tuesday, August 6th. Bank of America downgraded 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. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of CSX in a research note on Wednesday, August 7th. Citigroup began coverage on shares of CSX in a report on Wednesday, October 9th. They set a “buy” rating and a $42.00 price target for the company. Finally, Barclays cut their price objective on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average price target of $39.19.

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.