CSX Co. (NASDAQ:CSX) Stock Holdings Increased by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its position in shares of CSX Co. (NASDAQ:CSX) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 91,293 shares of the transportation company’s stock after purchasing an additional 3,961 shares during the quarter. Summit Trail Advisors LLC’s holdings in CSX were worth $3,152,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Borer Denton & Associates Inc. increased its position in shares of CSX by 46.3% during the 3rd quarter. Borer Denton & Associates Inc. now owns 12,349 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 3,910 shares during the period. Larson Financial Group LLC increased its position in shares of CSX by 20.2% during the 3rd quarter. Larson Financial Group LLC now owns 5,957 shares of the transportation company’s stock valued at $206,000 after purchasing an additional 1,000 shares during the period. StoneX Group Inc. increased its position in shares of CSX by 4.0% during the 3rd quarter. StoneX Group Inc. now owns 39,651 shares of the transportation company’s stock valued at $1,369,000 after purchasing an additional 1,519 shares during the period. Cerity Partners LLC increased its position in shares of CSX by 21.3% during the 3rd quarter. Cerity Partners LLC now owns 289,861 shares of the transportation company’s stock valued at $10,009,000 after purchasing an additional 50,913 shares during the period. Finally, Great Valley Advisor Group Inc. increased its position in shares of CSX by 14.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 25,899 shares of the transportation company’s stock valued at $894,000 after purchasing an additional 3,252 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stephens lowered their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Susquehanna decreased their target price on CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Barclays lifted their target price on CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Loop Capital decreased their target price on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.78.

CSX Price Performance

CSX opened at $35.78 on Friday. The stock has a market cap of $69.00 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.24 and a beta of 1.19. CSX Co. has a 1 year low of $31.65 and a 1 year high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a fifty day moving average price of $34.48 and a 200 day moving average price of $33.94.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. CSX’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. Analysts forecast that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.34%. CSX’s payout ratio is 25.81%.

About CSX

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.