PFG Investments LLC Boosts Stock Position in CSX Corporation (NASDAQ: CSX)
PFG Investments LLC increased its stake in shares of CSX Corporation (NASDAQ: CSX) by 6.6% in the 1st quarter, according to the business in its newest Type 13F filing with the Securities and Exchange Commission (SEC). The company owned 20,321 shares of the transportation company’s stock after buying an extra 1,260 shares.
PFG Investments LLC improved its stake in shares of CSX Corporation (NASDAQ: CSX) by 6.6% in the first quarter, according to the business in its latest Type 13F filing with the Securities and Exchange Commission (SEC). The company owned 20,321 shares of the transport business’s stock after buying an additional 1,260 shares during the quarter. PFG Investments LLC’s holdings in CSX were worth $598,000 as of its most recent SEC filing. Numerous other hedge funds have likewise made modifications to their positions in business. Geode Capital Management LLC lifted its position in shares of CSX by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transport business’s stock worth $1,339,555,000 after acquiring an additional 726,507 shares in the last quarter. Invesco Ltd. raised its position in shares of CSX by 13.5% throughout the 4th quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company’s stock worth $810,076,000 after acquiring an extra 2,977,212 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of CSX by 1.2% throughout the 4th quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation business’s stock worth $805,345,000 after purchasing an additional 299,536 shares in the last quarter. Norges Bank got a new stake in shares of CSX during the 4th quarter worth about $780,194,000. Lastly, Bank of New York City Mellon Corp raised its holdings in CSX by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company’s stock valued at $753,507,000 after obtaining an extra 6,730,316 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.
CSX Stock Performance
Shares of CSX opened at $32.42 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.75, and a debt-to-equity ratio of 1.52. The company has a market cap of $60.90 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.81, and a beta of 1.24. The company’s 50-day simple moving average is $30.24, and its 200-day simple moving average is $31.06. CSX Corporation has a 12-month low of $26.22 and a 12-month high of $37.10.
CSX Announces Dividend
The firm likewise recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.60%. CSX’s dividend payout ratio (DPR) is currently 31.14%.
Wall Street Analysts Forecast Development
Numerous experts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft presumed coverage on shares of CSX in a report on Friday, March 7th. They issued a “hold” ranking and a $34.00 target rate on the stock. Stifel Nicolaus lowered their target price on shares of CSX from $37.00 to $34.00 and set a “buy” ranking on the stock in a report on Monday, April 14th. UBS Group decreased their target rate on shares of CSX from $36.00 to $34.00 and set a “purchase” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Business lowered their target price on shares of CSX from $31.00 to $28.00 and set an “equal weight” score on the stock in a report on Thursday, April 17th. Lastly, Royal Bank Of Canada lowered their target price on shares of CSX from $31.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, April 17th. 8 experts have rated the stock with a hold ranking and thirteen have actually offered a buy score to the business. Based upon information from MarketBeat, the stock presently has an agreement ranking of “Moderate Buy” and a consensus price target of $34.14.
Company Profile
CSX Corporation, together with its subsidiaries, offers rail-based freight transport services. The business provides rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk product operations. It likewise transports chemicals, farming and foodstuff, minerals, vehicle, forest metals, fertilizers, and products and equipment; and coke, iron, and coal ore to electricity-generating power plants, steel producers, and industrial plants, as well as exports coal to deep-water port facilities.
Get News & Ratings for CSX Daily – Enter your email address below to receive a concise daily summary of the most recent news and experts’ scores for CSX and associated business with MarketBeat.com’s FREE day-to-day email newsletter.
