CSX Co. (NASDAQ:CSX) Shares Bought by Ascent Group LLC

Ascent Group LLC raised its stake in CSX Co. (NASDAQ:CSX) by 559.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,779 shares of the transportation company’s stock after buying an additional 49,869 shares during the quarter. Ascent Group LLC’s holdings in CSX were worth $2,179,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of CSX by 3,241.9% during the fourth quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock worth $8,158,000 after purchasing an additional 228,263 shares in the last quarter. PFG Advisors grew its position in shares of CSX by 2.1% during the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after acquiring an additional 387 shares during the last quarter. Partners Group Holding AG grew its position in shares of CSX by 26.8% during the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after acquiring an additional 149,105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in CSX by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock valued at $25,078,000 after buying an additional 34,730 shares during the last quarter. Finally, Sapient Capital LLC acquired a new position in CSX in the 4th quarter valued at $1,279,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CSX. Stifel Nicolaus boosted their price objective on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Bank of America lowered shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Monday, July 8th. Susquehanna decreased their target price on shares of CSX from $44.00 to $40.00 and set a “positive” rating on the stock in a research report on Tuesday, June 25th. Jefferies Financial Group decreased their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Finally, Benchmark restated a “buy” rating and set a $40.00 target price on shares of CSX in a research report on Thursday, April 18th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.14.

CSX Trading Up 0.2 %

NASDAQ:CSX traded up $0.08 on Monday, reaching $34.40. The stock had a trading volume of 10,706,178 shares, compared to its average volume of 11,801,973. The company has a market cap of $67.25 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.86 and a beta of 1.20. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. The firm’s fifty day moving average is $33.45 and its two-hundred day moving average is $35.05. CSX Co. has a 12-month low of $29.03 and a 12-month high of $40.12.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, August 30th. CSX’s dividend payout ratio is currently 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.