Stephens Inc. AR Acquires 22,193 Shares of CSX Co. (NASDAQ:CSX)

Stephens Inc. AR boosted its holdings in CSX Co. (NASDAQ:CSX) by 24.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,721 shares of the transportation company’s stock after acquiring an additional 22,193 shares during the quarter. Stephens Inc. AR’s holdings in CSX were worth $3,892,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CSX. Itau Unibanco Holding S.A. bought a new position in CSX in the 2nd quarter worth about $26,000. MFA Wealth Advisors LLC bought a new position in shares of CSX during the 2nd quarter valued at about $27,000. Morton Brown Family Wealth LLC bought a new position in shares of CSX during the 3rd quarter valued at about $31,000. Fairscale Capital LLC bought a new position in shares of CSX during the 2nd quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of CSX during the 2nd quarter valued at about $33,000. 73.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CSX has been the topic of several recent research reports. Susquehanna reduced their price objective on CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Thursday, October 17th. Benchmark reiterated a “buy” rating and set a $40.00 price objective on shares of CSX in a research report on Wednesday, August 7th. BMO Capital Markets reduced their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Royal Bank of Canada reduced their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Finally, Evercore ISI reduced their price target on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.61.

CSX Trading Down 0.7 %

CSX opened at $33.39 on Friday. The stock has a market cap of $64.39 billion, a PE ratio of 17.95, a PEG ratio of 2.11 and a beta of 1.19. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average of $34.01 and a 200-day moving average of $33.79. CSX Co. has a 52 week low of $29.64 and a 52 week high of $40.12.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. Equities research analysts predict that CSX Co. will post 1.86 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, November 29th. CSX’s payout ratio is presently 25.81%.

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.