5,811 Shares in CSX Co. (NASDAQ:CSX) Acquired by KPP Advisory Services LLC

KPP Advisory Services LLC purchased a new position in shares of CSX Co. (NASDAQ:CSX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,811 shares of the transportation company’s stock, valued at approximately $201,000.

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

Analyst Ratings Changes

CSX has been the subject of several recent research reports. Loop Capital reduced their price target on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Stephens cut their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. TD Cowen lowered their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada dropped their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” 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 research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.78.

CSX Price Performance

Shares of CSX stock opened at $35.13 on Friday. The stock has a market capitalization of $67.75 billion, a P/E ratio of 18.89, a PEG ratio of 2.32 and a beta of 1.19. The business has a 50 day simple moving average of $34.32 and a two-hundred day simple moving average of $33.90. CSX Co. has a 12 month low of $30.86 and a 12 month high of $40.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

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

CSX Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. CSX’s payout ratio is presently 25.81%.

CSX Company Profile

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.