Trade Report: Today, TD Asset Management Inc. Raises its position in CSX Corp. (CSX) as a favorable investment target.

Today, TD Asset Management Inc. Raises its position in CSX Corp. (CSX) as a favorable investment target.

TD Asset Management Inc. boosted its stake in shares of CSX Corp. (NASDAQ:CSX) by 18.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,605,538 shares of the company’s stock after buying an additional 255,182 shares during the period. TD Asset Management Inc. owned about 0.17% of CSX Corp. worth $48,969,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Nippon Life Global Investors Americas Inc. bought a new position in shares of CSX Corp. during the third quarter worth $3,986,000. First National Trust Co. increased its position in shares of CSX Corp. by 3.3% in the third quarter. First National Trust Co. now owns 36,766 shares of the company’s stock worth $1,122,000 after buying an additional 1,184 shares during the last quarter. Bank of Hawaii increased its position in shares of CSX Corp. by 2.1% in the third quarter. Bank of Hawaii now owns 30,478 shares of the company’s stock worth $930,000 after buying an additional 635 shares during the last quarter. Goelzer Investment Management Inc. increased its position in shares of CSX Corp. by 2.1% in the third quarter. Goelzer Investment Management Inc. now owns 132,304 shares of the company’s stock worth $4,035,000 after buying an additional 2,775 shares during the last quarter. Finally, CG Asset Management LLC bought a new position in shares of CSX Corp. during the third quarter worth $886,000. Institutional investors and hedge funds own 68.86% of the company’s stock.

CSX Corp. (NASDAQ:CSX) traded up 0.74% during midday trading on Friday, hitting $35.19. The stock had a trading volume of 2,516,480 shares. The company’s 50-day moving average price is $31.92 and its 200 day moving average price is $28.69. CSX Corp. has a 52 week low of $21.33 and a 52 week high of $35.23. The company has a market capitalization of $32.96 billion, a PE ratio of 19.58 and a beta of 1.11.

CSX Corp. (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 12th. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. CSX Corp. had a return on equity of 14.79% and a net margin of 15.93%. The firm had revenue of $2.71 billion for the quarter. During the same quarter last year, the business earned $0.52 EPS. CSX Corp.’s revenue was down 7.8% on a year-over-year basis. On average, analysts expect that CSX Corp. will post $1.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.05%. CSX Corp.’s dividend payout ratio (DPR) is presently 40.00%.

A number of research analysts recently weighed in on CSX shares. Bank of America Corp. reissued a “buy” rating and issued a $32.00 price objective on shares of CSX Corp. in a research note on Monday, September 12th. Barclays PLC reaffirmed an “overweight” rating and issued a $35.00 price target on shares of CSX Corp. in a research report on Saturday, October 15th. Vertical Research started coverage on CSX Corp. in a research report on Tuesday, October 11th. They issued a “hold” rating on the stock. Deutsche Bank AG started coverage on CSX Corp. in a research report on Wednesday, November 2nd. They issued a “buy” rating and a $36.00 price target on the stock. Finally, Vetr downgraded CSX Corp. from a “buy” rating to a “hold” rating and set a $33.60 price target on the stock. in a research report on Wednesday, November 9th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. CSX Corp. currently has an average rating of “Hold” and a consensus target price of $30.45.

In other CSX Corp. news, President Clarence W. Gooden sold 15,625 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $32.00, for a total transaction of $500,000.00. Following the transaction, the president now owns 127,954 shares in the company, valued at approximately $4,094,528. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Clarence W. Gooden sold 16,129 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $31.00, for a total value of $499,999.00. Following the transaction, the president now owns 127,954 shares in the company, valued at approximately $3,966,574. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

CSX Corp. Company Profile

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