Clear Creek Financial Management LLC Has $397,000 Holdings in CSX Co. (NASDAQ:CSX)

Clear Creek Financial Management LLC grew its stake in CSX Co. (NASDAQ:CSX) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,507 shares of the transportation company’s stock after buying an additional 634 shares during the period. Clear Creek Financial Management LLC’s holdings in CSX were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise grew its stake in shares of CSX by 149.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock valued at $575,000 after buying an additional 10,301 shares during the period. Ascent Group LLC increased its stake in shares of CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock worth $2,179,000 after purchasing an additional 49,869 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in CSX by 20.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock worth $16,139,000 after purchasing an additional 80,423 shares during the period. PFG Advisors raised its holdings in CSX by 2.1% during the 1st quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock valued at $700,000 after acquiring an additional 387 shares during the period. Finally, Sei Investments Co. grew its stake in CSX by 4.2% during the first quarter. Sei Investments Co. now owns 597,426 shares of the transportation company’s stock valued at $22,146,000 after acquiring an additional 23,938 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Down 0.1 %

Shares of CSX stock opened at $33.36 on Tuesday. The firm has a market capitalization of $64.33 billion, a P/E ratio of 17.94, a PEG ratio of 2.12 and a beta of 1.19. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX Co. has a fifty-two week low of $30.00 and a fifty-two week high of $40.12. The stock’s fifty day moving average is $34.01 and its two-hundred day moving average is $33.78.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. CSX’s revenue was up 1.3% on a year-over-year basis. Research analysts expect that CSX Co. will post 1.86 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s dividend payout ratio (DPR) is 25.81%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CSX shares. Evercore ISI cut their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of CSX in a research report on Wednesday, August 7th. Susquehanna dropped their target price on CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Thursday, October 17th. Barclays decreased their target price on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. Finally, Citigroup initiated coverage on CSX in a report on Wednesday, October 9th. They issued a “buy” rating and a $42.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.61.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.