CSX Corp. (NASDAQ:CSX) President Clarence W. Gooden sold 16,129 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $31.00, for a total transaction of $499,999.00. Following the completion of the transaction, the president now owns 127,954 shares of the company’s stock, valued at approximately $3,966,574. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of CSX Corp. (NASDAQ:CSX) opened at 31.025 on Monday. The firm’s 50-day moving average is $29.50 and its 200-day moving average is $27.47. CSX Corp. has a 52 week low of $21.33 and a 52 week high of $31.73. The firm has a market capitalization of $29.35 billion, a P/E ratio of 16.935 and a beta of 1.23.
CSX Corp. (NASDAQ:CSX) last released its earnings results on Wednesday, October 12th. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The company had revenue of $2.71 billion for the quarter. CSX Corp. had a return on equity of 14.79% and a net margin of 15.93%. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Equities analysts anticipate that CSX Corp. will post $1.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, November 28th. CSX Corp.’s payout ratio is 40.00%.
Several large investors have recently added to or reduced their stakes in CSX. Brick & Kyle Associates boosted its stake in shares of CSX Corp. by 8.1% in the second quarter. Brick & Kyle Associates now owns 4,000 shares of the company’s stock worth $104,000 after buying an additional 300 shares in the last quarter. Washington Trust Bank boosted its stake in shares of CSX Corp. by 7.7% in the third quarter. Washington Trust Bank now owns 3,644 shares of the company’s stock worth $111,000 after buying an additional 259 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of CSX Corp. during the second quarter worth about $117,000. Community Bank N.A. boosted its stake in shares of CSX Corp. by 19.9% in the third quarter. Community Bank N.A. now owns 4,300 shares of the company’s stock worth $132,000 after buying an additional 715 shares in the last quarter. Finally, WFG Advisors LP boosted its stake in shares of CSX Corp. by 17.1% in the second quarter. WFG Advisors LP now owns 6,537 shares of the company’s stock worth $170,000 after buying an additional 956 shares in the last quarter. Institutional investors own 68.64% of the company’s stock.
Several research analysts have recently weighed in on CSX shares. Citigroup Inc. upped their price target on shares of CSX Corp. from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $29.00 price target on shares of CSX Corp. in a report on Thursday, July 7th. Bank of America Corp. reiterated a “buy” rating and issued a $32.00 price target on shares of CSX Corp. in a report on Monday, September 12th. Loop Capital reiterated a “hold” rating and issued a $31.00 price target on shares of CSX Corp. in a report on Thursday, September 1st. Finally, Wolfe Research raised shares of CSX Corp. from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research report on Tuesday, September 13th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. CSX Corp. currently has a consensus rating of “Hold” and an average price target of $29.75.
About CSX Corp.