CSX Corporation (NASDAQ:CSX) has been the object of insider selling activity recently. Clarence W. Gooden, President reported the sale of 17,332 shares of CSX stock. The shares were purchased at an average price of $29.44. Gooden now owns $2,971,468 of the stock according to the SEC filing.
The following firms have also recently changed their position in CSX. As of the end of the quarter Evercore Wealth Management, LLC had bought a total of 3,625 shares growing its position 195.5%. The value of the company’s investment in CSX Corporation increased from $48,000 to $143,000 a change of $95,000 since the last quarter. As of quarter end BNP Paribas Investment Partners S.A. had disposed of 7,669 shares trimming its position 10.7%. The value of the investment in CSX Corporation went from $1,857,000 to $1,667,000 a change of $190,000 quarter over quarter.
As of quarter end Twin Tree Management, Lp had acquired a total of 22,100 shares growing its stake by 81.5%. The value of the investment in CSX increased from $869,000 to $1,277,000 a change of 47.0% since the last quarter. Williams Jones & Associates LLC expanded its stake by buying 13,350 shares an increase of 55.4%. Williams Jones & Associates LLC currently owns 37,450 shares valued at $977,000. The total value of its holdings increased 57.3%.
September 13 investment analysts at Citigroup left the stock rating at “Buy” but moved up the price target to $32.00 from $29.00. On September 12 the stock rating was upgraded to “Overweight” from “Equal-weight” and a price target of $35.00 was set in a statement from Barclays.
Barclays raised the price target and upgraded the stock on September 12 changing the price objective from $28.00 to $35.00 and changing the rating from “Equal-weight” to “Overweight”. On July 15 the stock rating was downgraded from “” to “Hold” in a report issued by BB&T Capital.
On July 15 the company was changed to a “Hold” by Stifel Nicolaus a cut from the previous “Buy” rating. July 14 investment analysts at Citigroup kept the company rating at “Buy” and lowered the price target from $32.00 to $29.00.
The company is now up since yesterday’s close of $29.62. CSX Corporation also announced a dividend for shareholders that was paid on Thursday the 15th of September 2016. The dividend payment was $0.180 per share for the quarter which is $0.72 annualized. This dividend amount represented a yeild of $2.43. The ex-dividend date was set for Monday the 29th of August 2016.
The stock is trading at $29.63 which is just a bit higher than the 50 day moving average of $28.64 and which is just over the 200 day moving average of $27.09. The 50 day moving average went up $1.00 or +3.51% and the 200 day average moved up $2.55.
CSX Corporation currently has a P/E ratio of 16.18 and the market cap is 28.04B. As of the last earnings report the EPS was $1.83 and is projected to be $1.75 for the current year with 945,990,000 shares outstanding. Next quarter’s EPS is expected be $0.46 and the next full year EPS is projected to be $1.93.
Traders are more bearish on the company recently as shown by the increase in short interest. The firm saw a rise in short interest of 0.23% between August 31, 2016 and September 15, 2016. Short interest grew 2,109,717 over that timeframe. Days to cover decreased from 1.9 to 1.5 and the short interest percentage is 0.01% as of September 15.