D.B. Root & Company LLC Has $1.72 Million Holdings in CSX Co. (NASDAQ:CSX)

D.B. Root & Company LLC grew its holdings in CSX Co. (NASDAQ:CSX) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,742 shares of the transportation company’s stock after purchasing an additional 4,369 shares during the period. D.B. Root & Company LLC’s holdings in CSX were worth $1,718,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise increased its holdings in shares of CSX by 149.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock valued at $575,000 after purchasing an additional 10,301 shares during the period. Ascent Group LLC increased 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 during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after buying an additional 80,423 shares in the last quarter. PFG Advisors increased its holdings in CSX by 2.1% in the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after buying an additional 387 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in CSX by 4.2% in the first 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. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

CSX has been the topic of a number of research reports. Susquehanna dropped their price objective on CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Thursday, October 17th. Benchmark restated a “buy” rating and issued a $40.00 price objective on shares of CSX in a report on Wednesday, August 7th. BMO Capital Markets dropped their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Stifel Nicolaus dropped their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Barclays dropped 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 and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.61.

CSX Trading Up 8.4 %

Shares of CSX stock opened at $36.88 on Thursday. The company’s fifty day simple moving average is $34.08 and its 200-day simple moving average is $33.80. The company has a market cap of $71.12 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.10 and a beta of 1.19. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1 year low of $30.00 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, sell-side analysts expect that CSX Co. will post 1.86 EPS for the current year.

CSX Announces Dividend

The company 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 $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.30%. CSX’s dividend payout ratio (DPR) is currently 25.81%.

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.