CSX Corporation $CSX Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in shares of CSX Corporation (NASDAQ:CSX) by 6.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,139,175 shares of the transportation company’s stock after purchasing an additional 120,646 shares during the quarter. ProShare Advisors LLC’s holdings in CSX were worth $99,493,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Washington Trust Advisors Inc. increased its stake in CSX by 7.2% in the second quarter. Washington Trust Advisors Inc. now owns 3,142 shares of the transportation company’s stock valued at $149,000 after purchasing an additional 211 shares in the last quarter. CHICAGO TRUST Co NA boosted its position in shares of CSX by 0.7% during the third quarter. CHICAGO TRUST Co NA now owns 31,606 shares of the transportation company’s stock worth $1,470,000 after purchasing an additional 211 shares in the last quarter. BLB&B Advisors LLC boosted its position in shares of CSX by 0.7% during the third quarter. BLB&B Advisors LLC now owns 30,452 shares of the transportation company’s stock worth $1,416,000 after purchasing an additional 215 shares in the last quarter. PFG Private Wealth Management LLC boosted its position in shares of CSX by 2.7% during the third quarter. PFG Private Wealth Management LLC now owns 8,309 shares of the transportation company’s stock worth $386,000 after purchasing an additional 217 shares in the last quarter. Finally, Kintegral Advisory LLC grew its holdings in shares of CSX by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 40,384 shares of the transportation company’s stock valued at $1,878,000 after buying an additional 228 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

CSX stock opened at $51.99 on Monday. The company has a 50 day moving average of $48.86 and a 200-day moving average of $45.51. The company has a quick ratio of 0.75, a current ratio of 0.84 and a debt-to-equity ratio of 1.19. CSX Corporation has a twelve month low of $33.63 and a twelve month high of $53.60. The stock has a market capitalization of $95.84 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.29 and a beta of 1.21.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, October 21st. The transportation company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.96 billion. CSX had a net margin of 23.97% and a return on equity of 25.94%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $0.44 earnings per share. On average, equities research analysts anticipate that CSX Corporation will post 2.04 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, November 30th. CSX’s dividend payout ratio is 29.02%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group set a $54.00 price objective on CSX in a research note on Thursday, October 22nd. Evercore set a $53.00 target price on CSX in a research note on Friday, October 23rd. TD Cowen reissued a “buy” rating and issued a $55.00 target price (up from $54.00) on shares of CSX in a research note on Thursday, October 22nd. BMO Capital Markets restated a “market perform” rating and issued a $52.00 price target (up from $49.00) on shares of CSX in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $49.00 price target on shares of CSX in a research report on Thursday, October 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average price target of $52.20.

Insider Transactions at CSX

In other CSX news, Director John Zillmer sold 19,500 shares of CSX stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $51.24, for a total value of $999,180.00. Following the sale, the director owned 334,214 shares of the company’s stock, valued at $17,125,125.36. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

CSX Profile

CSX Corporation is a transportation company whose primary business is freight railroading through its CSX Transportation subsidiary. The company operates an extensive rail network across the eastern United States, serving major industrial centers, population hubs, ports and distribution markets.

CSX transports a broad range of products, including chemicals, agricultural and food products, forest products, minerals, metals, automotive goods and other manufactured merchandise. Its services also include intermodal transportation, which combines rail service with trucks and containers, as well as the movement of coal and other bulk commodities.

The company traces its roots to the formation of CSX Corporation in 1980 through the merger of Chessie System and Seaboard Coast Line Industries.