DAVENPORT & Co LLC Purchases 1,001 Shares of CSX Co. (NASDAQ:CSX)

DAVENPORT & Co LLC boosted its position in shares of CSX Co. (NASDAQ:CSXFree Report) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,917 shares of the transportation company’s stock after acquiring an additional 1,001 shares during the quarter. DAVENPORT & Co LLC’s holdings in CSX were worth $6,030,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Soroban Capital Partners LP lifted its stake in CSX by 0.8% in the 4th quarter. Soroban Capital Partners LP now owns 58,100,864 shares of the transportation company’s stock valued at $1,799,965,000 after purchasing an additional 470,000 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CSX by 1.8% in the first quarter. Geode Capital Management LLC now owns 39,236,265 shares of the transportation company’s stock valued at $1,172,727,000 after buying an additional 690,267 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of CSX by 10.4% during the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after acquiring an additional 2,748,738 shares during the period. Morgan Stanley raised its stake in CSX by 3.1% in the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after acquiring an additional 739,411 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its stake in CSX by 101,926.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,323,241 shares of the transportation company’s stock valued at $722,554,000 after acquiring an additional 23,300,381 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

Shares of NASDAQ:CSX opened at $36.42 on Thursday. The firm has a 50 day moving average of $37.11 and a 200-day moving average of $34.00. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $71.30 billion, a PE ratio of 19.79, a PEG ratio of 2.13 and a beta of 1.18.

CSX (NASDAQ:CSXGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.63 billion. CSX had a net margin of 25.35% and a return on equity of 30.52%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities research analysts predict that CSX Co. will post 1.96 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.12 dividend. The ex-dividend date was Wednesday, February 28th. This is a positive change from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.32%. CSX’s dividend payout ratio (DPR) is 26.09%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CSX shares. Benchmark reaffirmed a “buy” rating and set a $38.00 price target on shares of CSX in a report on Thursday, January 25th. Susquehanna lifted their target price on shares of CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. decreased their price target on shares of CSX from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 price objective on shares of CSX in a report on Thursday, January 25th. Finally, BMO Capital Markets upped their target price on CSX from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.88.

Check Out Our Latest Stock Analysis on CSX

CSX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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