Bokf Na Boosts Stock Holdings in CSX Co. (NASDAQ:CSX)

Bokf Na raised its position in shares of CSX Co. (NASDAQ:CSX) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,532 shares of the transportation company’s stock after purchasing an additional 5,419 shares during the period. Bokf Na’s holdings in CSX were worth $2,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CSX. Life Planning Partners Inc purchased a new position in CSX during the 4th quarter valued at about $27,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of CSX in the 1st quarter valued at about $29,000. Valued Wealth Advisors LLC boosted its position in shares of CSX by 172.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 594 shares during the last quarter. Burkett Financial Services LLC purchased a new position in shares of CSX during the fourth quarter worth about $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of CSX in the fourth quarter worth approximately $34,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Susquehanna cut their price objective on CSX from $44.00 to $40.00 and set a “positive” rating for the company in a report on Tuesday, June 25th. UBS Group decreased their price objective on CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Sanford C. Bernstein upped their target price on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Finally, Jefferies Financial Group reduced their price target on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.14.

CSX Trading Up 0.9 %

Shares of NASDAQ CSX traded up $0.30 during trading hours on Monday, hitting $34.62. The company’s stock had a trading volume of 1,357,316 shares, compared to its average volume of 11,735,197. The business has a 50-day simple moving average of $33.45 and a 200-day simple moving average of $35.05. The stock has a market cap of $67.68 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.86 and a beta of 1.20. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.39%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

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.