CSX Co. (NASDAQ:CSX) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. boosted its position in shares of CSX Co. (NASDAQ:CSX) by 16.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,406 shares of the transportation company’s stock after buying an additional 8,003 shares during the period. UMB Bank n.a.’s holdings in CSX were worth $1,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayesian Capital Management LP acquired a new stake in CSX during the 4th quarter worth $5,399,000. Profund Advisors LLC grew its holdings in shares of CSX by 19.5% during the fourth quarter. Profund Advisors LLC now owns 179,176 shares of the transportation company’s stock worth $6,212,000 after buying an additional 29,179 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of CSX by 18.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 64,807,961 shares of the transportation company’s stock worth $2,246,893,000 after buying an additional 9,914,656 shares during the last quarter. Taylor Financial Group Inc. acquired a new position in CSX in the 4th quarter valued at about $851,000. Finally, Voisard Asset Management Group Inc. purchased a new stake in CSX during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CSX shares. Bank of America downgraded CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Monday, July 8th. Citigroup began coverage on shares of CSX in a research report on Wednesday. They set a “buy” rating and a $42.00 price objective for the company. Stephens reaffirmed an “overweight” rating and issued a $42.00 target price on shares of CSX in a report on Tuesday, August 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $36.00 price target on shares of CSX in a report on Tuesday, August 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of CSX in a report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.19.

CSX Stock Performance

CSX stock opened at $34.53 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The stock has a fifty day moving average of $33.92 and a two-hundred day moving average of $34.05. The company has a market capitalization of $67.50 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.90 and a beta of 1.19.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. CSX had a return on equity of 29.11% and a net margin of 24.52%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts anticipate that CSX Co. will post 1.93 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio is currently 26.37%.

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.