Key Points
- CSX director John Zillmer sold 10,000 shares on June 3 at an average price of $46.45, totaling $464,500. After the sale, he still owned 353,714 shares worth about $16.43 million.
- CSX recently beat earnings expectations with quarterly EPS of $0.43 versus the $0.39 consensus, while revenue came in at $3.48 billion, slightly below estimates but up 1.7% year over year.
- The company continues to return cash to shareholders via a quarterly dividend of $0.14 per share, payable June 15, representing an annualized yield of 1.2%. Analysts remain broadly positive, with a consensus rating of “Moderate Buy.”
CSX Corporation (NASDAQ:CSX - Get Free Report) Director John Zillmer sold 10,000 shares of CSX stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total value of $464,500.00. Following the completion of the sale, the director directly owned 353,714 shares in the company, valued at $16,430,015.30. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CSX Stock Performance
Shares of CSX stock opened at $46.23 on Friday. CSX Corporation has a one year low of $31.64 and a one year high of $47.25. The company has a market cap of $85.90 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.41 and a beta of 1.22. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.83 and a current ratio of 0.97. The business's 50 day moving average price is $43.98 and its 200 day moving average price is $40.05.
CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.04. CSX had a return on equity of 24.47% and a net margin of 21.55%.The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the business posted $0.34 earnings per share. The firm's revenue was up 1.7% compared to the same quarter last year. On average, research analysts predict that CSX Corporation will post 1.9 EPS for the current year.
CSX Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, May 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. CSX's dividend payout ratio (DPR) is presently 34.36%.
Institutional Investors Weigh In On CSX
A number of institutional investors have recently modified their holdings of the company. Strategic Investment Advisors MI acquired a new stake in shares of CSX in the first quarter valued at $103,000. EverSource Wealth Advisors LLC grew its stake in shares of CSX by 23.0% in the first quarter. EverSource Wealth Advisors LLC now owns 16,559 shares of the transportation company's stock valued at $680,000 after buying an additional 3,097 shares in the last quarter. Wilkerson Advisory Group LLC grew its stake in shares of CSX by 97.4% in the first quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company's stock valued at $34,000 after buying an additional 409 shares in the last quarter. Resolute Wealth Strategies LLC grew its stake in shares of CSX by 15.0% in the first quarter. Resolute Wealth Strategies LLC now owns 7,425 shares of the transportation company's stock valued at $305,000 after buying an additional 970 shares in the last quarter. Finally, S&CO Inc. acquired a new stake in shares of CSX in the first quarter valued at $221,000. 73.57% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently commented on CSX. Bank of America lifted their price objective on CSX from $49.00 to $51.00 and gave the stock a "buy" rating in a research report on Tuesday, May 19th. Argus lifted their target price on CSX from $42.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, May 22nd. Barclays restated an "overweight" rating and issued a $47.00 target price (up from $40.00) on shares of CSX in a research report on Thursday, April 23rd. New Street Research set a $49.00 target price on CSX in a research report on Thursday, April 23rd. Finally, Rothschild & Co Redburn lifted their target price on CSX from $45.50 to $47.50 and gave the company a "buy" rating in a research report on Tuesday, April 28th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.98.
View Our Latest Stock Report on CSX
About CSX
(
Get Free Report)
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.
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