Transamerica Financial Advisors Inc. Purchases Shares of 1,910 CSX Co. (NASDAQ:CSX)

Transamerica Financial Advisors Inc. purchased a new stake in shares of CSX Co. (NASDAQ:CSX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,910 shares of the transportation company’s stock, valued at approximately $66,000.

Other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of CSX in the 2nd quarter worth approximately $26,000. Valley Wealth Managers Inc. boosted 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. MFA Wealth Advisors LLC purchased a new position in shares of CSX in the 2nd quarter worth approximately $27,000. Morton Brown Family Wealth LLC purchased a new position in shares of CSX in the 3rd quarter worth approximately $31,000. Finally, Fairscale Capital LLC purchased a new position in shares of CSX in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Down 0.3 %

Shares of NASDAQ CSX opened at $36.58 on Thursday. CSX Co. has a twelve month low of $31.65 and a twelve month high of $40.12. The business has a fifty day simple moving average of $34.64 and a two-hundred day simple moving average of $33.99. The firm has a market cap of $70.54 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. CSX’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Analysts expect that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently announced 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 is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.31%. CSX’s payout ratio is 25.81%.

Analysts Set New Price Targets

CSX has been the subject of a number of recent research reports. Loop Capital dropped their target price on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Citigroup lifted their target price on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus decreased their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Susquehanna decreased their price target on CSX from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Thursday, October 17th. Finally, Stephens decreased their price target on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

CSX 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.