CSX Co. (NASDAQ:CSX) Shares Bought by Unified Trust Company N.A.

Unified Trust Company N.A. raised its holdings in CSX Co. (NASDAQ:CSX) by 200.0% during the second quarter, HoldingsChannel.com reports. The firm owned 21,750 shares of the transportation company’s stock after buying an additional 14,500 shares during the period. Unified Trust Company N.A.’s holdings in CSX were worth $698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gemmer Asset Management LLC raised its position in shares of CSX by 220.1% in the 2nd quarter. Gemmer Asset Management LLC now owns 858 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 590 shares in the last quarter. Bellevue Asset Management LLC increased its holdings in shares of CSX by 200.0% in the 2nd quarter. Bellevue Asset Management LLC now owns 900 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 600 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of CSX in the 2nd quarter valued at approximately $31,000. Strategic Blueprint LLC bought a new stake in shares of CSX in the 2nd quarter valued at approximately $32,000. Finally, SRS Capital Advisors Inc. bought a new stake in shares of CSX in the 2nd quarter valued at approximately $33,000. 71.79% of the stock is currently owned by institutional investors.

In other news, Director John J. Zillmer sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $33.54, for a total value of $503,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nathan D. Goldman sold 35,000 shares of the company’s stock in a transaction on Monday, July 26th. The shares were sold at an average price of $32.87, for a total value of $1,150,450.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 291,487 shares of company stock valued at $9,367,739. Insiders own 0.60% of the company’s stock.

A number of brokerages have recently weighed in on CSX. Cowen boosted their price target on CSX from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Thursday, July 22nd. upgraded CSX from a “neutral” rating to a “buy” rating in a report on Tuesday, June 29th. Credit Suisse Group upped their price objective on CSX from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, July 22nd. Susquehanna upped their price objective on CSX from $37.00 to $38.00 and gave the stock a “positive” rating in a research note on Thursday, July 22nd. Finally, Citigroup upgraded CSX from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, CSX currently has an average rating of “Buy” and a consensus price target of $34.70.

CSX stock traded up $0.73 during trading on Thursday, reaching $33.31. 323,345 shares of the company’s stock were exchanged, compared to its average volume of 11,113,289. The company has a quick ratio of 2.20, a current ratio of 2.34 and a debt-to-equity ratio of 1.21. CSX Co. has a 1-year low of $25.13 and a 1-year high of $34.96. The company’s fifty day moving average price is $31.99 and its 200-day moving average price is $32.90. The firm has a market cap of $75.10 billion, a PE ratio of 22.50, a P/E/G ratio of 1.80 and a beta of 1.14.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Tuesday, July 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.94 billion. CSX had a return on equity of 23.96% and a net margin of 29.93%. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. As a group, sell-side analysts expect that CSX Co. will post 1.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Tuesday, November 30th will be issued a $0.093 dividend. The ex-dividend date is Monday, November 29th. This represents a $0.37 annualized dividend and a dividend yield of 1.12%. CSX’s dividend payout ratio (DPR) is 30.33%.

CSX Company Profile

CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.

Featured Article: Determine Your Level of Risk Tolerance

Want to see what other hedge funds are holding CSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSX Co. (NASDAQ:CSX).

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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