Peoples Bank OH Sells 1,150 Shares of CSX Co. (NASDAQ:CSX)

Peoples Bank OH cut its position in CSX Co. (NASDAQ:CSX) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,173 shares of the transportation company’s stock after selling 1,150 shares during the quarter. Peoples Bank OH’s holdings in CSX were worth $697,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Interval Partners LP grew its stake in CSX by 849.0% during the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock worth $171,222,000 after purchasing an additional 4,579,344 shares during the period. Manning & Napier Advisors LLC acquired a new stake in CSX in the second quarter valued at approximately $116,430,000. M&G Plc purchased a new position in shares of CSX during the first quarter valued at approximately $126,089,000. Assenagon Asset Management S.A. boosted its position in shares of CSX by 318.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after buying an additional 2,489,329 shares during the last quarter. Finally, Wulff Hansen & CO. boosted its position in shares of CSX by 3,243.0% during the second quarter. Wulff Hansen & CO. now owns 2,192,246 shares of the transportation company’s stock valued at $73,331,000 after buying an additional 2,126,668 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

Shares of NASDAQ CSX traded down $0.69 during mid-day trading on Thursday, hitting $32.90. The company had a trading volume of 6,823,782 shares, compared to its average volume of 11,599,460. The company has a market capitalization of $64.32 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.90 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 stock’s 50-day moving average price is $34.04 and its 200-day moving average price is $33.90.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 29.11% and a net margin of 24.52%. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. CSX’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that CSX Co. will post 1.93 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, November 29th. CSX’s payout ratio is 26.37%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Susquehanna dropped their price target on CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Thursday, October 17th. Barclays dropped their price target on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Evercore ISI dropped their price target on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Loop Capital dropped their price target on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Citigroup initiated coverage on CSX in a research note on Wednesday, October 9th. They issued a “buy” rating and a $42.00 target price on the stock. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.61.

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.