CSX Corporation (NASDAQ:CSX) has made a 22.08% comeback from a 12-month low price of $58.47. It was seen -10.27% lower, changing the price to $71.38, when the closing bell rang on 7/17/2019. At a recent session, the prices were hovering between $70.06 and $73.65. This company shares are 14.53% off its target price of $81.75 and the current market capitalization stands at $58.1B. The recent change has given its price a -7.8% deficit over SMA 50 and -11.58% deficit over its 52-week high. The stock witnessed -6.94% declines, -5.94% declines and 9.63% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CSX’s volatility during a week at 2.4% and during a month it has been found around 1.68%.
What Does CSX Corporation (CSX) Do?
The company describes itself in regulatory filings as, “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.” [Text can be found here: https://www.marketwatch.com/investing/stock/CSX/profile under company description.]CSX Corporation (CSX) Top Holders
Institutional investors currently hold around $49.88 billion or 78.4% in CSX stock. Look at its top three institutional owners: Vanguard Group Inc owns $5.09 billion in CSX Corporation, which represents roughly 8.75% of the company’s market cap and approximately 10.2% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 47,083,725 shares of the stock are valued at $3.75 billion. The third largest holder is Capital World Investors, which currently holds $3.61 billion worth of this stock and that ownership represents nearly 6.21% of its market capitalization.
At the end of March reporting period, 464 institutional holders increased their position in CSX Corporation (NASDAQ:CSX) by some 45,955,889 shares, 563 decreased positions by 55,473,022 and 257 held positions by 525,649,760. That puts total institutional holdings at 627,078,671 shares, according to SEC filings. The stock grabbed 114 new institutional investments totaling 5,567,118 shares while 98 institutional investors sold out their entire positions totaling 4,506,905 shares.CSX Corporation (NASDAQ:CSX) Insider Trades
Multiple company employees have indulged in significant insider trading. CSX Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP & CLO Goldman Nathan D has sold 7,000 shares of CSX Corporation (CSX) in the trading session dated Jun. 11, 2019. These shares are worth $556,500 and were traded at $79.5 each. The SEC filing shows that Williams Angela C performed a sale of 9,560 shares. The VP & Controller disposed these shares by way of transaction on Apr. 18, 2019. The company’s shares were given away at $79.14 per share worth to an income of some $756,578 to the account of Williams Angela C.
Director, Mantle Ridge LP, sold 2,780,000 common shares of CSX Corporation (CSX) in the open market. In a transaction dated Jan. 25, 2019, the shares were put up for sale at an average price of $64.42, raking in a sum of $179,087,600. After this sale, 38,054,889 common shares of CSX are directly owned by the insider, with total stake valued at $2,716,000,000.
In the transaction dated Jan. 24, 2019, a great number of shares sold came courtesy the Director; Mantle Ridge LP disposed a total of 1,930,318 shares at an average price of $65.01, amounting to approximately $125,489,973. The insider now directly owns 40,834,783 shares worth $2,915,000,000.CSX Corporation (CSX) Analyst Guide
Several analysts have released their opinion on CSX Corporation (NASDAQ:CSX), with 7 analysts believing it is a strong buy. Whereas 13 of them predict the stock is a hold. Also, there are 4 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.32 average brokerage recommendation [T1].