Sanctuary Advisors LLC Grows Stock Position in CSX Co. (NASDAQ:CSX)

Sanctuary Advisors LLC raised its position in CSX Co. (NASDAQ:CSX) by 10.7% in the 3rd quarter, Holdings Channel reports. The fund owned 166,381 shares of the transportation company’s stock after acquiring an additional 16,073 shares during the period. Sanctuary Advisors LLC’s holdings in CSX were worth $5,953,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in CSX in the second quarter valued at about $26,000. Valley Wealth Managers Inc. raised its position in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in CSX during the second quarter worth about $27,000. Morton Brown Family Wealth LLC purchased a new position in CSX in the 3rd quarter valued at approximately $31,000. Finally, Fairscale Capital LLC purchased a new stake in CSX during the second quarter worth $32,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Down 1.3 %

NASDAQ CSX opened at $33.24 on Monday. The stock has a market cap of $64.10 billion, a P/E ratio of 17.87, a PEG ratio of 2.24 and a beta of 1.20. The company’s fifty day simple moving average is $34.77 and its 200-day simple moving average is $34.09. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 52 week low of $31.74 and a 52 week high of $40.12.

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

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.12 per share. The ex-dividend date was Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.44%. CSX’s payout ratio is 25.81%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. TD Cowen decreased their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company lowered their target price on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Stifel Nicolaus reduced their price objective on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Loop Capital dropped their price objective on CSX from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Citigroup raised their price target on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.78.

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.