WINTON GROUP Ltd Has $29.05 Million Stake in CSX Corporation $CSX

WINTON GROUP Ltd grew its holdings in CSX Corporation (NASDAQ:CSX) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 611,138 shares of the transportation company’s stock after acquiring an additional 15,029 shares during the quarter. CSX accounts for about 0.9% of WINTON GROUP Ltd’s investment portfolio, making the stock its 11th largest holding. WINTON GROUP Ltd’s holdings in CSX were worth $29,047,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Evolve Private Wealth LLC acquired a new stake in CSX during the 2nd quarter worth approximately $693,000. Canada Post Corp Registered Pension Plan boosted its holdings in shares of CSX by 34.2% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 96,484 shares of the transportation company’s stock valued at $3,498,000 after buying an additional 24,566 shares during the period. M. Kulyk & Associates LLC bought a new stake in shares of CSX during the second quarter worth $8,145,000. Wealthfront Advisers LLC bought a new stake in shares of CSX during the second quarter worth $7,609,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of CSX during the second quarter worth $6,598,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CSX shares. Stifel Nicolaus set a $54.00 target price on shares of CSX in a research note on Thursday, July 23rd. BMO Capital Markets restated a “market perform” rating and issued a $52.00 price target (up from $49.00) on shares of CSX in a report on Thursday, July 23rd. Bank of America upped their price objective on CSX from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley set a $32.00 target price on CSX and gave the company an “underweight” rating in a research report on Monday, July 6th. Finally, Argus set a $56.00 price target on CSX in a research report on Friday, July 31st. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.31.

CSX Stock Performance

CSX opened at $48.37 on Thursday. The business’s 50-day simple moving average is $50.22 and its 200 day simple moving average is $46.05. CSX Corporation has a 52-week low of $31.80 and a 52-week high of $53.60. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82. The firm has a market capitalization of $89.60 billion, a PE ratio of 27.96, a PEG ratio of 2.30 and a beta of 1.21.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. CSX had a return on equity of 24.98% and a net margin of 22.21%.The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. As a group, sell-side analysts expect that CSX Corporation will post 2 earnings per share for the current fiscal year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.14 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.56 annualized dividend and a yield of 1.2%. CSX’s dividend payout ratio is currently 32.37%.

Insiders Place Their Bets

In other news, SVP Michael Burns sold 13,000 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $52.68, for a total value of $684,840.00. Following the transaction, the senior vice president directly owned 59,643 shares of the company’s stock, valued at $3,141,993.24. This represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Angela Williams sold 30,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $53.29, for a total transaction of $1,598,700.00. Following the completion of the transaction, the chief accounting officer owned 10,437 shares in the company, valued at approximately $556,187.73. This trade represents a 74.19% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by corporate insiders.

CSX Company Profile

CSX Corporation (NASDAQ: CSX) is a transportation company that operates one of the largest rail networks in the eastern United States. Through its CSX Transportation subsidiary, the company provides rail freight transportation and logistics services for manufacturers, distributors, utilities, agricultural businesses and other commercial customers.

CSX transports a broad range of products, including chemicals, agricultural and food products, minerals, forest products, metals, automobiles and consumer goods.