CSX Corporation (CSX) : Baskin Financial Services has sold out all of its stake in CSX Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 219,713 shares of CSX Corporation which is valued at $6,195,907.
Other Hedge Funds, Including , Ballentine Partners reduced its stake in CSX by selling 14 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 8,112 shares of CSX which is valued at $228,758. CSX Corporation makes up approx 0.02% of Ballentine Partners’s portfolio.First Citizens Bank Trust Co reduced its stake in CSX by selling 1,750 shares or 10.0% in the most recent quarter. The Hedge Fund company now holds 15,748 shares of CSX which is valued at $446,141. CSX Corporation makes up approx 0.04% of First Citizens Bank Trust Co’s portfolio.First Midwest Bank Trust Division reduced its stake in CSX by selling 702 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 25,503 shares of CSX which is valued at $719,440. CSX Corporation makes up approx 0.09% of First Midwest Bank Trust Division’s portfolio.Hl Financial Services boosted its stake in CSX in the latest quarter, The investment management firm added 4,320 additional shares and now holds a total of 85,603 shares of CSX Corporation which is valued at $2,414,861. CSX Corporation makes up approx 0.06% of Hl Financial Services’s portfolio.Cornerstone Advisors boosted its stake in CSX in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 917 shares of CSX Corporation which is valued at $25,869. CSX Corporation makes up approx 0.03% of Cornerstone Advisors’s portfolio.
CSX Corporation closed down -0.15 points or -0.52% at $28.48 with 48,25,891 shares getting traded on Monday. Post opening the session at $28.54, the shares hit an intraday low of $28.45 and an intraday high of $28.88 and the price fluctuated in this range throughout the day.Shares ended Monday 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.