Insights Into CSX Corporation (CSX) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for CSX Corporation (CSX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.53, or -1.82%, to $28.61. Volume reached 1,102,940 shares, with price reaching a high of $28.62 and a low of $28.53. Most recently, Yahoo Finance reported about the stock as it publicized that CSX Promotes Rail Safety during National “Rail Safety Week”.


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Stocks Info

CSX Corporation is listed on the NASDAQ in the Industrials sector while operating in the Railroads industry. At the end of the last regular session, the stock closed at $28.57 and fluctuated between $29.05 as its day high and $28.51 as its day low. The current market capitalization of CSX Corporation is $62.59B. A total of 17.1 million shares were traded on the day, compared to an average of 15.54M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CSX has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 583 and the disposition of 0 shares. Over the last 12 months, there were 39 BUYs and 24 SELLs from insiders. Insiders purchased 1,023,585 shares during that period but sold 619,300.

In the most recent transaction, ZILLMER JOHN J sold 16,000 shares of CSX for 32.25 per share on Jun 06. After the transaction, the Director now owns 320,763 company shares. In a previous transaction on Oct 22, Goldman Nathan D sold 57,793 shares at 34.94 per share. CSX shares that EVP & CLO owns now total 174,861.

Among the insiders who sold shares, Williams Angela C disposed of 38,535 shares on Oct 21 at a per-share price of $35.44. This resulted in the VP & Chief Accounting Officer holding 16,593 shares of CSX after the transaction.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. CSX Corporation pays an annual dividend of $0.40, resulting in a dividend yield of 1.40%, and it has a price to earnings (P/E) ratio of 15.96. CSX’s most recent ex-dividend date was 08/30/2022 when it declared a $0.10 quarterly dividend that was paid in cash on 09/15/2022. Previously, the company paid the dividend on 06/15/2022 with an ex-dividend date of 05/27/2022. The dividend was $0.10 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CSX in the last 3 months, the mean price target is $35.68 with high estimates of $41.00 and low estimates of $25.00. In terms of 52-week highs and lows, CSX has a high of $38.63 and a low of $27.59.

As of this writing, CSX has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.47. The company reported an EPS of $0.5 in the last quarter, which was 6.38% higher than expectations of $0.47.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CSX’s latest balance sheet shows that the firm has $2.32B in Cash & Short Term Investments as of fiscal 2021. There were $16.84B in debt and $2.23B in liabilities at the time. Its Book Value Per Share was $6.08, while its Total Shareholder’s Equity was $13.50B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 28 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CSX is Sell with a score of 4.05. A total of 15 analysts rated the stock as Buy while 4 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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