UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in CSX Co. (NASDAQ:CSX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in CSX Co. (NASDAQ:CSX) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,745,972 shares of the transportation company’s stock after buying an additional 737,221 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.66% of CSX worth $440,118,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Valley Wealth Managers Inc. raised its holdings in shares of CSX by 177.8% in 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. Itau Unibanco Holding S.A. bought a new stake in shares of CSX in the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC bought a new stake in CSX during the 2nd quarter valued at $27,000. Fairscale Capital LLC bought a new stake in CSX during the 2nd quarter valued at $32,000. Finally, Morton Brown Family Wealth LLC bought a new stake in CSX during the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CSX. TD Cowen lowered their target price 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. Citigroup boosted their target price on shares of CSX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Loop Capital lowered their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Susquehanna lowered their target price on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Thursday, October 17th. Finally, Barclays upped their price target on shares of CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.78.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $36.58 on Friday. The company has a market cap of $70.54 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19. The company has a 50-day moving average price of $34.67 and a 200-day moving average price of $34.01. 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 Co. has a 12 month low of $31.65 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last issued 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). The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share. As a group, equities analysts anticipate that CSX Co. will post 1.84 EPS for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. 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 payout ratio is currently 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.