322,350 CSX Corporation $CSX Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in shares of CSX Corporation (NASDAQ:CSX) by 1.1% in the 3rd quarter, Holdings Channel reports. The firm owned 28,364,986 shares of the transportation company’s stock after acquiring an additional 322,350 shares during the quarter. Fisher Asset Management LLC’s holdings in CSX were worth $1,319,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSX. Warburton Capital Management LLC boosted its position in CSX by 3.7% during the third quarter. Warburton Capital Management LLC now owns 7,119 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 251 shares during the last quarter. Eurizon Capital SGR S.p.A. grew its holdings in CSX by 13.0% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 337,961 shares of the transportation company’s stock worth $15,743,000 after acquiring an additional 38,889 shares during the period. CENTRAL TRUST Co grew its holdings in CSX by 28.3% during the 3rd quarter. CENTRAL TRUST Co now owns 16,634 shares of the transportation company’s stock worth $774,000 after acquiring an additional 3,665 shares during the period. Maryland State Retirement & Pension System raised its position in shares of CSX by 15.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 114,982 shares of the transportation company’s stock worth $5,348,000 after acquiring an additional 15,048 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of CSX by 1.6% in the 3rd quarter. Ritholtz Wealth Management now owns 101,551 shares of the transportation company’s stock worth $4,723,000 after acquiring an additional 1,568 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Up 1.0%

CSX opened at $52.40 on Friday. CSX Corporation has a fifty-two week low of $33.63 and a fifty-two week high of $53.60. The firm has a market capitalization of $96.59 billion, a PE ratio of 26.89, a P/E/G ratio of 2.27 and a beta of 1.12. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.84 and a quick ratio of 0.75. The company’s 50-day moving average is $48.92 and its 200 day moving average is $46.18.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.96 billion. CSX had a return on equity of 25.94% and a net margin of 23.97%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. As a group, research analysts predict that CSX Corporation will post 2.06 earnings per share for the current fiscal year.

CSX Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CSX shares. Deutsche Bank reissued a “buy” rating and issued a $59.00 price objective on shares of CSX in a research note on Friday, July 24th. Evercore set a $53.00 target price on CSX in a research note on Friday, October 23rd. Argus set a $56.00 target price on CSX in a report on Friday, July 31st. Susquehanna boosted their price target on CSX from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Tuesday, October 27th. Finally, Stifel Nicolaus set a $54.00 price target on CSX in a research note on Thursday, July 23rd. Eighteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.20.

Insider Activity

In related news, Director John Zillmer sold 19,500 shares of CSX stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $51.24, for a total transaction of $999,180.00. Following the transaction, the director owned 334,214 shares of the company’s stock, valued at $17,125,125.36. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by insiders.

CSX Profile

CSX Corporation is a freight transportation company that operates one of the largest rail networks in the eastern United States. Its rail system serves customers across much of the eastern U.S., as well as parts of Canada, and connects with other railroads and ports. CSX transports a broad range of goods, including chemicals, agricultural and food products, automobiles, minerals, forest products, coal and intermodal freight. Its services include rail transportation, intermodal shipping that combines rail and truck transport, and related logistics and supply-chain services.