B.O.S.S. Retirement Advisors LLC Purchases 12,627 Shares of CSX Co. (NASDAQ:CSX)

B.O.S.S. Retirement Advisors LLC lifted its position in shares of CSX Co. (NASDAQ:CSX) by 11.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,730 shares of the transportation company’s stock after acquiring an additional 12,627 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in CSX were worth $4,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSX. Price T Rowe Associates Inc. MD increased its holdings in CSX by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,251,716 shares of the transportation company’s stock valued at $2,418,883,000 after purchasing an additional 443,755 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in CSX by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock valued at $573,128,000 after purchasing an additional 1,060,204 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in CSX by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock valued at $415,466,000 after purchasing an additional 1,060,617 shares during the last quarter. Bank of Montreal Can increased its holdings in CSX by 38.7% in the second quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock valued at $225,917,000 after purchasing an additional 1,884,998 shares during the last quarter. Finally, Interval Partners LP increased its holdings in CSX by 849.0% in the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock valued at $171,222,000 after purchasing an additional 4,579,344 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.1 %

CSX stock opened at $35.47 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.01. The stock has a market capitalization of $69.34 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.90 and a beta of 1.19. The business has a 50-day moving average of $34.05 and a 200-day moving average of $33.99. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Monday, August 5th. The transportation company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. CSX had a return on equity of 29.11% and a net margin of 24.52%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that CSX Co. will post 1.93 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently declared 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 of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.35%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of research analyst reports. Citigroup initiated coverage on CSX in a research note on Wednesday, October 9th. They issued a “buy” rating and a $42.00 target price for the company. BMO Capital Markets reissued an “outperform” rating and issued a $40.00 target price on shares of CSX in a research note on Tuesday, August 6th. Barclays decreased their target price on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Bank of America cut CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Monday, July 8th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 target price on shares of CSX in a research note on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and an average target price of $39.19.

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 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.