Healthcare of Ontario Pension Plan Trust Fund Has $334,000 Stock Position in CSX Co. (NASDAQ:CSX)

Posted by Defense World Staff on Mar 2nd, 2023

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of CSX Co. (NASDAQ:CSX – Get Rating) by 17.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,555 shares of the transportation company’s stock after selling 2,734 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CSX were worth $334,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Webster Bank N. A. acquired a new position in CSX during the 3rd quarter valued at $40,000. Wagner Wealth Management LLC acquired a new position in shares of CSX in the 2nd quarter valued at $41,000. Godsey & Gibb Inc. acquired a new position in shares of CSX in the 3rd quarter valued at $43,000. Orion Capital Management LLC raised its stake in shares of CSX by 504.0% in the 3rd quarter. Orion Capital Management LLC now owns 1,830 shares of the transportation company’s stock valued at $49,000 after buying an additional 1,527 shares in the last quarter. Finally, Ellevest Inc. raised its stake in shares of CSX by 94.2% in the 3rd quarter. Ellevest Inc. now owns 1,884 shares of the transportation company’s stock valued at $50,000 after buying an additional 914 shares in the last quarter. 72.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSX. Wells Fargo & Company increased their price objective on shares of CSX from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 4th. StockNews.com upgraded shares of CSX from a “hold” rating to a “buy” rating in a research note on Tuesday. Cowen increased their price objective on shares of CSX from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Thursday, January 26th. Benchmark dropped their price objective on shares of CSX from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 26th. Finally, Raymond James upped their target price on shares of CSX from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, CSX has a consensus rating of “Hold” and a consensus target price of $34.58.

CSX Stock Up 1.2 %

Shares of NASDAQ CSX opened at $30.86 on Thursday. The firm has a market capitalization of $63.65 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 2.39 and a beta of 1.23. The company has a current ratio of 1.56, a quick ratio of 1.42 and a debt-to-equity ratio of 1.42. CSX Co. has a 1 year low of $25.80 and a 1 year high of $38.63. The firm’s 50-day moving average is $31.41 and its 200-day moving average is $30.80.

CSX (NASDAQ:CSX – Get Rating) last issued its earnings results on Wednesday, January 25th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. CSX had a net margin of 28.05% and a return on equity of 31.48%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Equities analysts expect that CSX Co. will post 1.86 EPS for the current year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from CSX’s previous quarterly dividend of $0.10. The ex-dividend date is Monday, February 27th. CSX’s dividend payout ratio (DPR) is currently 22.68%.

CSX Profile

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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.