CSX Corporation (NASDAQ:CSX - Get Free Report) Director John Zillmer sold 19,500 shares of the company's stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $51.24, for a total transaction of $999,180.00. Following the completion of the sale, the director directly owned 334,214 shares of the company's stock, valued at $17,125,125.36. The trade was a 5.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
CSX Stock Performance
Shares of CSX opened at $51.98 on Thursday. The firm has a market capitalization of $95.82 billion, a PE ratio of 26.93, a P/E/G ratio of 2.27 and a beta of 1.21. The company has a quick ratio of 0.75, a current ratio of 0.84 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $48.81 and a 200 day moving average price of $45.34. CSX Corporation has a 52-week low of $33.63 and a 52-week high of $53.60.
CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.04. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.96 billion. CSX had a net margin of 23.97% and a return on equity of 25.94%. CSX's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. On average, sell-side analysts anticipate that CSX Corporation will post 2.04 earnings per share for the current fiscal year.
CSX Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, November 30th. CSX's dividend payout ratio (DPR) is currently 29.02%.
Trending Headlines about CSX
Here are the key news stories impacting CSX this week:
Institutional Trading of CSX
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in CSX in the 2nd quarter worth approximately $7,655,277,000. XXEC Inc. purchased a new position in shares of CSX during the 2nd quarter valued at $765,595,000. Bank of America Corp DE purchased a new position in shares of CSX during the 2nd quarter valued at $1,598,962,000. Bank of New York Mellon Corp purchased a new stake in shares of CSX during the second quarter worth $950,325,000. Finally, Legal & General Group Plc purchased a new stake in shares of CSX during the second quarter worth $747,001,000. 73.57% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $49.00 price target on shares of CSX in a research note on Thursday, October 22nd. Morgan Stanley set a $32.00 target price on CSX and gave the stock an "underweight" rating in a report on Monday, July 6th. JPMorgan Chase & Co. upped their price target on shares of CSX from $57.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, October 22nd. Susquehanna raised their price objective on shares of CSX from $55.00 to $60.00 and gave the company a "positive" rating in a research report on Tuesday. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $54.00 price objective (up from $53.00) on shares of CSX in a research report on Thursday, October 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, CSX has a consensus rating of "Moderate Buy" and an average price target of $52.20.
Get Our Latest Report on CSX
CSX Company Profile
(
Get Free Report)
CSX Corporation is a transportation company whose primary business is freight railroading through its CSX Transportation subsidiary. The company operates an extensive rail network across the eastern United States, serving major industrial centers, population hubs, ports and distribution markets.
CSX transports a broad range of products, including chemicals, agricultural and food products, forest products, minerals, metals, automotive goods and other manufactured merchandise. Its services also include intermodal transportation, which combines rail service with trucks and containers, as well as the movement of coal and other bulk commodities.
The company traces its roots to the formation of CSX Corporation in 1980 through the merger of Chessie System and Seaboard Coast Line Industries.
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