CSX Co. (NASDAQ:CSX) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC grew its holdings in CSX Co. (NASDAQ:CSX) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,826 shares of the transportation company’s stock after purchasing an additional 6,186 shares during the quarter. CreativeOne Wealth LLC’s holdings in CSX were worth $3,240,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CSX. Advisors Asset Management Inc. grew its position in shares of CSX by 581.7% in the first quarter. Advisors Asset Management Inc. now owns 5,283 shares of the transportation company’s stock valued at $196,000 after purchasing an additional 4,508 shares during the last quarter. Comerica Bank grew its position in shares of CSX by 0.6% in the first quarter. Comerica Bank now owns 424,950 shares of the transportation company’s stock valued at $15,753,000 after purchasing an additional 2,744 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of CSX by 1.6% during the first quarter. Citizens Financial Group Inc. RI now owns 32,823 shares of the transportation company’s stock valued at $1,217,000 after buying an additional 505 shares during the period. Virtu Financial LLC purchased a new position in shares of CSX during the first quarter valued at approximately $431,000. Finally, LRI Investments LLC purchased a new position in shares of CSX during the first quarter valued at approximately $220,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CSX. TD Cowen reduced their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Wells Fargo & Company reduced their price objective on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th. Barclays upped their price objective on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Citigroup upped their price objective on shares of CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Susquehanna cut their price target on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock 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 company. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average price target of $38.78.

CSX Stock Performance

Shares of CSX stock opened at $36.58 on Thursday. The company’s fifty day simple moving average is $34.64 and its 200-day simple moving average is $33.99. CSX Co. has a 52 week low of $31.65 and a 52 week high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $70.54 billion, a PE ratio of 19.67, a P/E/G ratio of 2.32 and a beta of 1.19.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The business 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%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. As a group, equities research analysts anticipate that CSX Co. will post 1.84 EPS for the current year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.12 per share. 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 25.81%.

About CSX

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.