Caitlin John LLC Invests $517,000 in CSX Corporation $CSX

Caitlin John LLC purchased a new stake in shares of CSX Corporation (NASDAQ:CSX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,875 shares of the transportation company’s stock, valued at approximately $517,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CSX. Arlington Trust Co LLC raised its position in CSX by 58.0% in the 2nd quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock worth $32,000 after purchasing an additional 250 shares during the last quarter. Syon Capital LLC boosted its position in CSX by 1.0% in the 4th quarter. Syon Capital LLC now owns 28,316 shares of the transportation company’s stock valued at $1,026,000 after buying an additional 287 shares during the last quarter. Root Financial Partners LLC boosted its position in CSX by 7.3% in the 4th quarter. Root Financial Partners LLC now owns 4,757 shares of the transportation company’s stock valued at $172,000 after buying an additional 323 shares during the last quarter. Walled Lake Planning & Wealth Management LLC boosted its position in CSX by 2.7% in the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 13,235 shares of the transportation company’s stock valued at $480,000 after buying an additional 346 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its stake in shares of CSX by 0.9% in the 4th quarter. Sumitomo Life Insurance Co. now owns 39,996 shares of the transportation company’s stock valued at $1,450,000 after buying an additional 347 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Insider Buying and Selling

In other CSX news, CFO Kevin S. Boone sold 136,708 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the transaction, the chief financial officer owned 208,622 shares in the company, valued at approximately $9,742,647.40. This trade represents a 39.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John J. Zillmer sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total value of $464,500.00. Following the transaction, the director owned 353,714 shares of the company’s stock, valued at $16,430,015.30. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 189,708 shares of company stock worth $9,132,304. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

CSX has been the subject of a number of recent research reports. Stifel Nicolaus set a $54.00 target price on CSX in a research report on Thursday, July 23rd. Wall Street Zen cut CSX from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $54.00 price objective (up from $51.00) on shares of CSX in a research report on Thursday, July 23rd. Benchmark reissued a “buy” rating and set a $54.00 price objective (up from $48.00) on shares of CSX in a report on Wednesday, July 15th. Finally, Evercore set a $51.00 target price on shares of CSX in a research report on Thursday, July 23rd. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.31.

CSX Stock Performance

Shares of CSX stock opened at $51.54 on Friday. The firm has a fifty day moving average of $49.80 and a two-hundred day moving average of $45.53. The stock has a market capitalization of $95.48 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.36 and a beta of 1.21. CSX Corporation has a 52 week low of $31.80 and a 52 week high of $53.60. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. CSX had a return on equity of 24.98% and a net margin of 22.21%.The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts predict that CSX Corporation will post 2 EPS for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.56 annualized dividend and a yield of 1.1%. CSX’s dividend payout ratio is presently 32.37%.

CSX Company Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.