Charter Trust Co. raised its position in CSX Corp. (NASDAQ:CSX) by 6.4% during the third quarter, Holdings Channel reports. The fund owned 61,495 shares of the company’s stock after buying an additional 3,714 shares during the period. Charter Trust Co.’s holdings in CSX Corp. were worth $1,876,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC raised its position in shares of CSX Corp. by 1.1% in the second quarter. Fisher Asset Management LLC now owns 10,304 shares of the company’s stock valued at $275,000 after buying an additional 112 shares in the last quarter. North Star Investment Management Corp. raised its stake in CSX Corp. by 5.8% in the second quarter. North Star Investment Management Corp. now owns 77,535 shares of the company’s stock valued at $2,022,000 after buying an additional 4,237 shares in the last quarter. Trust Co raised its stake in CSX Corp. by 2.5% in the first quarter. Trust Co now owns 21,779 shares of the company’s stock valued at $561,000 after buying an additional 530 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in CSX Corp. by 0.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 867,658 shares of the company’s stock valued at $22,629,000 after buying an additional 7,264 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its stake in CSX Corp. by 5.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 247,426 shares of the company’s stock valued at $6,453,000 after buying an additional 12,922 shares in the last quarter. Institutional investors and hedge funds own 68.97% of the company’s stock.

Institutional Ownership by Quarter for CSX Corp. (NASDAQ:CSX)

Shares of CSX Corp. (NASDAQ:CSX) traded up 2.90% during midday trading on Wednesday, reaching $35.81. 11,318,035 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $32.17 and a 200 day moving average price of $28.86. The firm has a market cap of $33.54 billion, a PE ratio of 19.93 and a beta of 1.11. CSX Corp. has a 12 month low of $21.33 and a 12 month high of $36.09.

CSX Corp. (NASDAQ:CSX) last posted its earnings results on Wednesday, October 12th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company earned $2.71 billion during the quarter. CSX Corp. had a net margin of 15.93% and a return on equity of 14.79%. The company’s revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share. Equities research analysts predict that CSX Corp. will post $1.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, November 28th. CSX Corp.’s payout ratio is 40.00%.

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Several research firms have recently weighed in on CSX. Aegis began coverage on CSX Corp. in a research note on Monday, October 24th. They issued a “hold” rating and a $31.00 price objective on the stock. Vetr lowered CSX Corp. from a “buy” rating to a “hold” rating and set a $33.60 price objective on the stock. in a research note on Wednesday, November 9th. BMO Capital Markets lowered CSX Corp. from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $34.00 to $35.00 in a research note on Thursday, November 10th. They noted that the move was a valuation call. Atlantic Securities began coverage on CSX Corp. in a research note on Thursday, August 11th. They issued a “neutral” rating and a $31.00 price objective on the stock. Finally, Cowen and Company upped their price objective on CSX Corp. from $30.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, October 14th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $30.45.

In other CSX Corp. news, President Clarence W. Gooden sold 15,625 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $32.00, for a total value of $500,000.00. Following the transaction, the president now directly owns 127,954 shares in the company, valued at $4,094,528. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael J. Ward sold 300,000 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $30.97, for a total transaction of $9,291,000.00. Following the completion of the transaction, the chairman now owns 198,742 shares in the company, valued at $6,155,039.74. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

About CSX Corp.

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.

5 Day Chart for NASDAQ:CSX

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