Rock Creek Group LP Has $41,000 Position in CSX Co. (NASDAQ:CSX)

Rock Creek Group LP lifted its position in shares of CSX Co. (NASDAQ:CSX) by 79.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,290 shares of the transportation company’s stock after buying an additional 572 shares during the period. Rock Creek Group LP’s holdings in CSX were worth $41,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank boosted its position in shares of CSX by 225.5% during the second quarter. Toronto Dominion Bank now owns 1,428,911 shares of the transportation company’s stock worth $45,839,000 after buying an additional 989,871 shares during the period. Smith Moore & CO. boosted its position in CSX by 221.0% during the second quarter. Smith Moore & CO. now owns 7,030 shares of the transportation company’s stock valued at $226,000 after purchasing an additional 4,840 shares during the last quarter. Avantax Planning Partners Inc. boosted its position in CSX by 219.6% during the second quarter. Avantax Planning Partners Inc. now owns 14,694 shares of the transportation company’s stock valued at $471,000 after purchasing an additional 10,096 shares during the last quarter. Edgestream Partners L.P. boosted its position in CSX by 172.4% during the second quarter. Edgestream Partners L.P. now owns 738,951 shares of the transportation company’s stock valued at $23,706,000 after purchasing an additional 467,675 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in CSX by 198.9% during the second quarter. Gulf International Bank UK Ltd now owns 445,458 shares of the transportation company’s stock valued at $14,290,000 after purchasing an additional 296,432 shares during the last quarter. 71.79% of the stock is owned by institutional investors.

Shares of CSX opened at $30.50 on Wednesday. The company has a market capitalization of $68.76 billion, a PE ratio of 20.61, a PEG ratio of 1.80 and a beta of 1.14. CSX Co. has a 12 month low of $25.13 and a 12 month high of $34.96. The stock’s 50-day moving average price is $32.42 and its two-hundred day moving average price is $32.91. The company has a current ratio of 2.34, a quick ratio of 2.20 and a debt-to-equity ratio of 1.21.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Tuesday, July 20th. The transportation company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. CSX had a return on equity of 23.96% and a net margin of 29.93%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company posted $0.22 EPS. The business’s quarterly revenue was up 32.6% on a year-over-year basis. Equities research analysts predict that CSX Co. will post 1.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st will be given a $0.093 dividend. This represents a $0.37 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, August 30th. CSX’s dividend payout ratio (DPR) is presently 30.33%.

Several analysts have issued reports on the company. Citigroup upgraded CSX from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 29th. Deutsche Bank Aktiengesellschaft increased their target price on CSX from $37.67 to $38.33 and gave the stock a “buy” rating in a research note on Tuesday, June 15th. UBS Group raised their price objective on CSX from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, July 22nd. Susquehanna raised their target price on CSX from $37.00 to $38.00 and gave the company a “positive” rating in a report on Thursday, July 22nd. Finally, Cowen raised their target price on CSX from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Thursday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $34.67.

In related news, EVP Nathan D. Goldman sold 35,000 shares of the business’s stock in a transaction dated Monday, July 26th. The stock was sold at an average price of $32.87, for a total value of $1,150,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John J. Zillmer sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 24th. The shares were sold at an average price of $33.54, for a total value of $503,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 291,487 shares of company stock valued at $9,367,739. Corporate insiders own 0.60% of the company’s stock.

CSX Company Profile

CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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