CSX Corporation (CSX) : Stoneridge Investment Partners added new position in CSX Corporation during the most recent quarter end. The investment management firm now holds 286,826 shares of CSX Corporation which is valued at $8,091,361 , the company said in a statement filed on Jul 25, 2016 with the SEC.CSX Corporation makes up approximately 1.14% of Stoneridge Investment Partners’s portfolio.
Other Hedge Funds, Including , Financial Architects Inc reduced its stake in CSX by selling 840 shares or 17.06% in the most recent quarter. The Hedge Fund company now holds 4,085 shares of CSX which is valued at $115,238. CSX Corporation makes up approx 0.03% of Financial Architects Inc’s portfolio.Blb&b Advisors reduced its stake in CSX by selling 62,508 shares or 44.94% in the most recent quarter. The Hedge Fund company now holds 76,595 shares of CSX which is valued at $2,192,149. CSX Corporation makes up approx 0.40% of Blb&b Advisors’s portfolio.Highland Capital Management reduced its stake in CSX by selling 5,895 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 364,603 shares of CSX which is valued at $10,434,938. CSX Corporation makes up approx 0.87% of Highland Capital Management’s portfolio.Community Bank N.a. boosted its stake in CSX in the latest quarter, The investment management firm added 585 additional shares and now holds a total of 3,585 shares of CSX Corporation which is valued at $102,065. CSX Corporation makes up approx 0.02% of Community Bank N.a.’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CSX by selling 401,329 shares or 67.83% in the most recent quarter. The Hedge Fund company now holds 190,345 shares of CSX which is valued at $5,049,853. CSX Corporation makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.
CSX Corporation closed down -0.02 points or -0.07% at $28.33 with 39,60,540 shares getting traded on Friday. Post opening the session at $28.32, the shares hit an intraday low of $28.125 and an intraday high of $28.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, CSX Corporation reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 13, 2016. Analyst had a consensus of $0.44. The company had revenue of $2670.00 million for the quarter, compared to analysts expectations of $2686.99 million. The company’s revenue was down -12.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.
Investors should note that on Jul 13, 2016, CSX Corporation announced a cash dividend of $0.1800. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.
Many Wall Street Analysts have commented on CSX Corporation. CSX Corporation was Downgraded by BB&T Capital Mkts to ” Hold” on Jul 15, 2016. Company shares were Reiterated by Cowen on Jul 15, 2016 to “Market Perform”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .CSX Corporation was Downgraded by Stifel to ” Hold” on Jul 15, 2016.
CSX Corporation (CSX) together with its subsidiaries is a transportation company. The Company provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. The Company has three lines of business: merchandise business coal business and the intermodal business. The Company’s merchandise business transports aggregates (which include crushed stone sand and gravel) metal phosphate fertilizer food consumer (manufactured goods and appliances) agricultural automotive paper and chemical products. Its coal business transports domestic coal coke and iron ore to electricity-generating power plants steel manufacturers and industrial plants as well as export coal to deep-water port facilities. Through a network of around 50 terminals the intermodal business serves markets east of the Mississippi and transports manufactured consumer goods in containers providing truck-like services for longer shipments.