CSX Corp. (CSX) Stake Maintained by Seaward Management Limited Partnership
Seaward Management Limited Partnership continued to hold its stake in shares of CSX Corp. (NASDAQ:CSX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,890 shares of the company’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in CSX Corp. were worth $544,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the stock. Smith Moore & CO. boosted its stake in shares of CSX Corp. by 0.3% in the first quarter. Smith Moore & CO. now owns 12,897 shares of the company’s stock valued at $332,000 after buying an additional 41 shares during the last quarter. Mariner Wealth Advisors LLC boosted its stake in CSX Corp. by 1.1% in the first quarter. Mariner Wealth Advisors LLC now owns 9,242 shares of the company’s stock worth $238,000 after buying an additional 105 shares in the last quarter. Fisher Asset Management LLC boosted its stake in CSX Corp. by 1.1% in the second quarter. Fisher Asset Management LLC now owns 10,304 shares of the company’s stock worth $275,000 after buying an additional 112 shares in the last quarter. Charter Trust Co. boosted its stake in CSX Corp. by 0.4% in the second quarter. Charter Trust Co. now owns 57,781 shares of the company’s stock worth $1,506,000 after buying an additional 230 shares in the last quarter. Finally, Duncker Streett & Co. Inc. boosted its stake in CSX Corp. by 1.6% in the first quarter. Duncker Streett & Co. Inc. now owns 19,885 shares of the company’s stock worth $512,000 after buying an additional 304 shares in the last quarter. Institutional investors and hedge funds own 68.55% of the company’s stock.
Shares of CSX Corp. (NASDAQ:CSX) traded down 0.47% on Thursday, hitting $29.57. The company had a trading volume of 5,364,060 shares. The company has a 50-day moving average of $28.53 and a 200 day moving average of $26.97. CSX Corp. has a 12 month low of $21.33 and a 12 month high of $30.53. The stock has a market cap of $27.97 billion, a PE ratio of 16.14 and a beta of 1.32.
CSX Corp. (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, July 13th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. CSX Corp. had a net margin of 16.07% and a return on equity of 15.24%. CSX Corp.’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. Analysts anticipate that CSX Corp. will post $1.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.72 annualized dividend and a dividend yield of 2.43%. CSX Corp.’s payout ratio is currently 39.13%.
CSX has been the topic of a number of analyst reports. BMO Capital Markets restated a “buy” rating on shares of CSX Corp. in a research note on Friday, June 10th. Oppenheimer Holdings Inc. initiated coverage on CSX Corp. in a research note on Wednesday, June 15th. They issued a “market perform” rating on the stock. Citigroup Inc. restated a “buy” rating and issued a $29.00 price target on shares of CSX Corp. in a research note on Saturday, June 18th. Stifel Nicolaus cut CSX Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. They noted that the move was a valuation call. Finally, Cowen and Company raised their price target on CSX Corp. from $27.00 to $30.00 and gave the company a “market perform” rating in a research note on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.54.
CSX Corp. Company Profile
CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business.
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