Metropolis Holding Co. decreased its stake in shares of CSX Co. (NASDAQ:CSX – Free Report) by 5.5% within the third quarter, in line with the corporate in its most up-to-date Kind 13F submitting with the SEC. The fund owned 51,817 shares of the transportation firm’s inventory after promoting 2,994 shares throughout the quarter. Metropolis Holding Co.’s holdings in CSX have been price $1,789,000 on the finish of the newest quarter.
Plenty of different hedge funds and different institutional buyers have additionally not too long ago modified their holdings of CSX. Itau Unibanco Holding S.A. bought a brand new place in CSX throughout the 2nd quarter valued at roughly $26,000. MFA Wealth Advisors LLC purchased a brand new place in shares of CSX throughout the 2nd quarter valued at roughly $27,000. Monetary Synergies Wealth Advisors Inc. bought a brand new place in shares of CSX within the first quarter valued at $29,000. Fairscale Capital LLC purchased a brand new stake in CSX within the second quarter price $32,000. Lastly, Strategic Monetary Ideas LLC bought a brand new stake in CSX throughout the second quarter valued at $33,000. Institutional buyers personal 73.57% of the corporate’s inventory.
Analysts Set New Value Targets
Plenty of equities analysts have commented on the inventory. Sanford C. Bernstein lifted their worth goal on shares of CSX from $35.00 to $36.00 and gave the inventory a “market carry out” ranking in a analysis word on Monday, July eighth. Barclays dropped their worth goal on CSX from $41.00 to $40.00 and set an “obese” ranking for the corporate in a analysis report on Wednesday, September twenty fifth. BMO Capital Markets restated an “outperform” ranking and set a $40.00 worth goal on shares of CSX in a analysis report on Tuesday, August sixth. Evercore ISI upgraded CSX to a “strong-buy” ranking in a report on Tuesday, August sixth. Lastly, Benchmark restated a “purchase” ranking and set a $40.00 worth goal on shares of CSX in a report on Wednesday, August seventh. Seven funding analysts have rated the inventory with a maintain ranking, 9 have assigned a purchase ranking and one has issued a powerful purchase ranking to the inventory. In line with MarketBeat.com, the inventory has a consensus ranking of “Average Purchase” and a consensus goal worth of $39.00.
Learn Our Newest Report on CSX
CSX Inventory Efficiency
CSX inventory opened at $33.87 on Wednesday. The corporate has a debt-to-equity ratio of 1.42, a fast ratio of 1.01 and a present ratio of 1.16. The corporate has a market capitalization of $66.21 billion, a PE ratio of 18.61, a P/E/G ratio of 1.91 and a beta of 1.19. The corporate has a 50 day shifting common worth of $33.96 and a 200-day shifting common worth of $34.07. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week excessive of $40.12.
CSX (NASDAQ:CSX – Get Free Report) final posted its earnings outcomes on Monday, August fifth. The transportation firm reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. CSX had a return on fairness of 29.11% and a internet margin of 24.52%. The corporate had income of $3.70 billion throughout the quarter, in comparison with analyst estimates of $3.70 billion. Throughout the identical quarter within the prior yr, the enterprise earned $0.49 earnings per share. CSX’s income was up .0% on a year-over-year foundation. As a gaggle, equities analysts forecast that CSX Co. will publish 1.93 earnings per share for the present yr.
CSX Declares Dividend
The corporate additionally not too long ago declared a quarterly dividend, which shall be paid on Friday, December thirteenth. Shareholders of report on Friday, November twenty ninth shall be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, November twenty ninth. CSX’s dividend payout ratio is at present 26.37%.
CSX Profile
CSX Company, along with its subsidiaries, supplies rail-based freight transportation companies. The corporate provides rail companies; and transportation of intermodal containers and trailers, in addition to different transportation companies, equivalent to rail-to-truck transfers and bulk commodity operations. It additionally transports chemical substances, agricultural and meals merchandise, minerals, automotive, forest merchandise, fertilizers, and metals and gear; and coal, coke, and iron ore to electricity-generating energy vegetation, metal producers, and industrial vegetation, in addition to exports coal to deep-water port amenities.
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