CSX Co. (NASDAQ:CSX) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. reduced its position in CSX Co. (NASDAQ:CSX) by 2.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 586,593 shares of the transportation company’s stock after selling 15,118 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in CSX were worth $20,258,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vinva Investment Management Ltd boosted its position in shares of CSX by 14.5% during the 3rd quarter. Vinva Investment Management Ltd now owns 88,931 shares of the transportation company’s stock worth $3,071,000 after purchasing an additional 11,244 shares in the last quarter. Financial Counselors Inc. boosted its position in shares of CSX by 1.5% during the 3rd quarter. Financial Counselors Inc. now owns 350,021 shares of the transportation company’s stock worth $12,086,000 after purchasing an additional 5,112 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of CSX by 10.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 82,276 shares of the transportation company’s stock worth $2,841,000 after purchasing an additional 7,700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CSX by 6.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company’s stock worth $440,118,000 after purchasing an additional 737,221 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CSX by 3.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 801,352 shares of the transportation company’s stock worth $27,671,000 after purchasing an additional 26,109 shares in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSX has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Susquehanna decreased their price objective on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Thursday, October 17th. Evercore ISI decreased their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Loop Capital decreased their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of CSX in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.78.

CSX Trading Up 0.2 %

NASDAQ CSX opened at $36.55 on Monday. CSX Co. has a 12 month low of $31.72 and a 12 month high of $40.12. The company has a 50-day moving average of $34.70 and a 200-day moving average of $34.03. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The company has a market cap of $70.48 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.32 and a beta of 1.19.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the prior year, the company earned $0.42 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that CSX Co. will post 1.84 earnings per share for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio (DPR) is presently 25.81%.

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.