CSX Corp. (CSX) Stake Maintained by Seaward Management Limited Partnership
Seaward Management Limited Partnership maintained its position in 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 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of CSX Corp. by 49.6% in the first quarter. IFP Advisors Inc now owns 75,643 shares of the company’s stock valued at $1,948,000 after buying an additional 25,091 shares during the period. Virginia Retirement System purchased a new position in CSX Corp. during the first quarter valued at $407,000. Nisa Investment Advisors L.L.C. boosted its position in CSX Corp. by 5.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 463,307 shares of the company’s stock valued at $11,930,000 after buying an additional 25,420 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in CSX Corp. during the first quarter valued at $551,000. Finally, Commonwealth Equity Services Inc boosted its position in CSX Corp. by 27.2% in the first quarter. Commonwealth Equity Services Inc now owns 358,021 shares of the company’s stock valued at $9,219,000 after buying an additional 76,663 shares in the last quarter. 68.55% of the stock is currently owned by hedge funds and other institutional investors.
CSX Corp. (NASDAQ:CSX) traded down 0.47% during mid-day trading on Thursday, reaching $29.57. The company’s stock had a trading volume of 5,364,060 shares. The firm has a market cap of $27.97 billion, a PE ratio of 16.14 and a beta of 1.32. The stock’s 50 day moving average is $28.53 and its 200 day moving average is $26.97. CSX Corp. has a one year low of $21.33 and a one year high of $30.53.
CSX Corp. (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, July 13th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.44 by $0.03. CSX Corp. had a return on equity of 15.24% and a net margin of 16.07%. The business earned $2.70 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the business posted $0.56 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. On average, analysts anticipate that CSX Corp. will post $1.75 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.18 per share. 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 dividend payout ratio is currently 39.13%.
Several research firms have weighed in on CSX. 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 report on Friday, July 15th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of CSX Corp. in a report on Sunday, July 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of CSX Corp. in a report on Friday, July 15th. Stifel Nicolaus cut CSX Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. They noted that the move was a valuation call. Finally, BB&T Corp. cut CSX Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price 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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