Achmea Investment Management B.V. Takes Position in CSX Corporation (NASDAQ:CSX)

Achmea Investment Management B.V. purchased a new stake in shares of CSX Corporation (NASDAQ:CSX) during the first quarter, according to its most recent disclosure with the SEC. The fund purchased 96,713 shares of the transportation company’s stock, valued at approximately $4,502,000.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. raised its position in shares of CSX Corporation by 8.7% in the first quarter. Assetmark Inc. now owns 2,186 shares of the transportation company’s stock valued at $102,000 after buying an additional 175 shares in the last quarter. LBA Wealth Management LLC raised its position in shares of CSX Corporation by 323.1% in the first quarter. LBA Wealth Management LLC now owns 2,619 shares of the transportation company’s stock valued at $122,000 after buying an additional 2,000 shares in the last quarter. Financial Architects Inc raised its position in shares of CSX Corporation by 1.9% in the first quarter. Financial Architects Inc now owns 2,650 shares of the transportation company’s stock valued at $124,000 after buying an additional 50 shares in the last quarter. MCF Advisors LLC raised its position in shares of CSX Corporation by 0.3% in the first quarter. MCF Advisors LLC now owns 2,832 shares of the transportation company’s stock valued at $132,000 after buying an additional 9 shares in the last quarter. Finally, Hefty Wealth Partners purchased a new position in shares of CSX Corporation during the first quarter valued at approximately $146,000. Hedge funds and other institutional investors own 70.32% of the company’s stock.

Shares of CSX Corporation (NASDAQ CSX) traded down 0.20% on Friday, reaching $48.78. The company’s stock had a trading volume of 6,910,756 shares. The stock has a 50-day moving average price of $51.73 and a 200-day moving average price of $50.30. The company has a market capitalization of $44.55 billion, a price-to-earnings ratio of 25.51 and a beta of 1.30. CSX Corporation has a 1-year low of $27.89 and a 1-year high of $55.48.

CSX Corporation (NASDAQ:CSX) last posted its quarterly earnings data on Tuesday, July 18th. The transportation company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. CSX Corporation had a return on equity of 16.93% and a net margin of 15.46%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts forecast that CSX Corporation will post $2.30 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.80 dividend on an annualized basis and a yield of 1.64%. CSX Corporation’s payout ratio is 41.88%.

CSX Corporation announced that its board has approved a stock repurchase plan on Tuesday, July 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the transportation company to repurchase up to 1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

WARNING: This article was originally reported by BNB Daily and is owned by of BNB Daily. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/achmea-investment-management-b-v-buys-shares-of-96713-csx-corporation-nasdaqcsx-updated-updated.html.

Several research firms have issued reports on CSX. BidaskClub upgraded CSX Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Credit Suisse Group reiterated a “buy” rating and issued a $65.00 target price on shares of CSX Corporation in a research note on Friday, July 14th. Zacks Investment Research upgraded CSX Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Tuesday, July 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 target price on shares of CSX Corporation in a research note on Wednesday, July 12th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $65.00 target price (up previously from $56.00) on shares of CSX Corporation in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. CSX Corporation has a consensus rating of “Buy” and a consensus price target of $53.71.

In related news, Director Ridge Lp Mantle acquired 1,357,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was bought at an average cost of $51.59 per share, with a total value of $70,007,630.00. Following the transaction, the director now owns 106 shares of the company’s stock, valued at $5,468.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.79% of the stock is currently owned by company insiders.

About CSX Corporation

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

Institutional Ownership by Quarter for CSX Corporation (NASDAQ:CSX)

Receive News & Ratings for CSX Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply