CSX Co. (NASDAQ:CSX) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in shares of CSX Co. (NASDAQ:CSX) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,374,499 shares of the transportation company’s stock after acquiring an additional 24,430 shares during the period. Thrivent Financial for Lutherans owned about 0.17% of CSX worth $116,521,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in shares of CSX in the second quarter worth $26,000. Valley Wealth Managers Inc. boosted its holdings in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the period. MFA Wealth Advisors LLC purchased a new stake in CSX during the 2nd quarter worth about $27,000. Morton Brown Family Wealth LLC acquired a new stake in CSX in the 3rd quarter valued at about $31,000. Finally, Fairscale Capital LLC purchased a new position in shares of CSX in the 2nd quarter valued at about $32,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX Price Performance

Shares of NASDAQ CSX opened at $35.13 on Friday. The stock has a market cap of $67.75 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.23 and a beta of 1.19. CSX Co. has a twelve month low of $30.86 and a twelve month high of $40.12. The stock has a 50 day moving average of $34.32 and a two-hundred day moving average of $33.90. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, research analysts forecast that CSX Co. will post 1.84 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. CSX’s payout ratio is 25.81%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CSX. Barclays upped their target price on shares of CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stephens dropped their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus decreased their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company dropped their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their price target on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.