Banco Santander S.A. increased its stake in shares of CSX Co. (NASDAQ:CSX) by 30.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,672 shares of the transportation company’s stock after purchasing an additional 2,279 shares during the quarter. Banco Santander S.A.’s holdings in CSX were worth $716,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in CSX. Zions Bancorporation bought a new stake in CSX during the 3rd quarter worth approximately $105,000. Acropolis Investment Management LLC bought a new stake in CSX during the 3rd quarter worth approximately $107,000. LeJeune Puetz Investment Counsel LLC bought a new stake in CSX during the 3rd quarter worth approximately $112,000. Rational Advisors LLC grew its holdings in CSX by 94.6% during the 3rd quarter. Rational Advisors LLC now owns 1,707 shares of the transportation company’s stock worth $126,000 after acquiring an additional 830 shares during the last quarter. Finally, Psagot Investment House Ltd. bought a new stake in CSX during the 3rd quarter worth approximately $128,000. Institutional investors and hedge funds own 75.95% of the company’s stock.
NASDAQ:CSX opened at $72.63 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.43. CSX Co. has a 52 week low of $48.43 and a 52 week high of $76.24. The firm has a market capitalization of $60.60 billion, a PE ratio of 31.58, a PEG ratio of 1.41 and a beta of 1.27.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, November 29th. CSX’s dividend payout ratio is currently 38.26%.
CSX has been the topic of a number of research reports. Stephens reissued a “buy” rating and set a $85.00 target price on shares of CSX in a report on Tuesday, October 9th. BidaskClub raised shares of CSX from a “hold” rating to a “buy” rating in a report on Saturday, October 6th. Bank of America boosted their target price on shares of CSX from $77.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, October 1st. Citigroup boosted their target price on shares of CSX from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, October 1st. Finally, Deutsche Bank boosted their target price on shares of CSX from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. CSX presently has an average rating of “Buy” and an average price target of $77.60.
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CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.
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