CSX Corp. (NASDAQ:CSX) President Clarence W. Gooden sold 17,332 shares of the business’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $29.44, for a total value of $510,254.08. Following the sale, the president now owns 127,954 shares in the company, valued at approximately $3,766,965.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
CSX Corp. (NASDAQ:CSX) traded up 1.32% during trading on Wednesday, hitting $30.01. The stock had a trading volume of 4,422,436 shares. The stock’s 50-day moving average price is $28.69 and its 200-day moving average price is $27.11. CSX Corp. has a 1-year low of $21.33 and a 1-year high of $30.53. The company has a market capitalization of $28.39 billion, a P/E ratio of 16.38 and a beta of 1.32.
CSX Corp. (NASDAQ:CSX) last announced its earnings results on Wednesday, July 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.69 billion. CSX Corp. had a net margin of 16.07% and a return on equity of 15.24%. The business’s revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. Analysts expect that CSX Corp. will post $1.75 earnings per share for the current year.
The firm also recently announced 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. This represents a $0.72 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Monday, August 29th. CSX Corp.’s dividend payout ratio is 39.13%.
Several hedge funds have recently made changes to their positions in the stock. Sii Investments Inc. WI acquired a new stake in shares of CSX Corp. during the first quarter valued at about $256,000. Virginia Retirement System purchased a new stake in CSX Corp. during the first quarter worth $407,000. IFP Advisors Inc raised its stake in CSX Corp. by 49.6% in the first quarter. IFP Advisors Inc now owns 75,643 shares of the company’s stock worth $1,948,000 after buying an additional 25,091 shares during the period. Hyman Charles D purchased a new stake in CSX Corp. during the first quarter worth $8,185,000. Finally, guardian investment management raised its stake in CSX Corp. by 12.2% in the first quarter. guardian investment management now owns 21,545 shares of the company’s stock worth $555,000 after buying an additional 2,350 shares during the period. Hedge funds and other institutional investors own 68.55% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Credit Suisse Group AG restated a “buy” rating on shares of CSX Corp. in a research report on Tuesday, September 13th. Wolfe Research upgraded CSX Corp. from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research report on Tuesday, September 13th. Citigroup Inc. boosted their price objective on CSX Corp. from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Bank of America Corp. restated a “buy” rating and set a $32.00 price objective on shares of CSX Corp. in a research report on Monday, September 12th. Finally, Barclays PLC upgraded CSX Corp. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $30.00 to $35.00 in a research report on Monday, September 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average 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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