Jacobs & Co. CA reduced its position in shares of CSX Co. (NASDAQ:CSX) by 1.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 127,227 shares of the transportation company’s stock after selling 1,539 shares during the quarter. CSX accounts for about 1.5% of Jacobs & Co. CA’s holdings, making the stock its 24th biggest position. Jacobs & Co. CA’s holdings in CSX were worth $12,267,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in CSX. Arrowstreet Capital Limited Partnership lifted its stake in shares of CSX by 431.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 60,000 shares of the transportation company’s stock worth $4,660,000 after acquiring an additional 48,700 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of CSX by 932.5% in the third quarter. Allianz Asset Management GmbH now owns 56,258 shares of the transportation company’s stock worth $4,370,000 after acquiring an additional 63,016 shares during the period. Squarepoint Ops LLC acquired a new position in shares of CSX in the third quarter worth approximately $9,280,000. Lombard Odier Asset Management Switzerland SA acquired a new position in shares of CSX in the third quarter worth approximately $505,000. Finally, Lombard Odier Asset Management Europe Ltd acquired a new position in shares of CSX in the third quarter worth approximately $528,000. Institutional investors own 73.75% of the company’s stock.
NASDAQ:CSX traded down $0.16 during trading on Thursday, reaching $96.79. The company’s stock had a trading volume of 40,265 shares, compared to its average volume of 3,920,868. The firm has a market cap of $73.51 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.00 and a beta of 1.18. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.73 and a current ratio of 1.84. The firm has a 50 day moving average of $93.42 and a 200-day moving average of $88.51. CSX Co. has a 12 month low of $58.80 and a 12 month high of $98.85.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Thursday, February 25th. This is an increase from CSX’s previous quarterly dividend of $0.26. CSX’s dividend payout ratio is 26.86%.
Several brokerages have issued reports on CSX. Raymond James boosted their price target on CSX from $87.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, January 15th. Argus boosted their price target on CSX from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on CSX from $87.00 to $105.00 in a research note on Monday, January 11th. Vertical Research started coverage on CSX in a research report on Friday, March 26th. They set a “hold” rating on the stock. Finally, Stifel Nicolaus lowered CSX from a “buy” rating to a “hold” rating and set a $92.00 target price on the stock. in a research report on Friday, January 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $90.60.
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 transports chemicals, agricultural and food products, automotive, minerals, 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.
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