&Partners Raises Stock Holdings in CSX Co. (NASDAQ:CSX)

&Partners increased its position in CSX Co. (NASDAQ:CSX) by 56.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,807 shares of the transportation company’s stock after purchasing an additional 5,371 shares during the period. &Partners’ holdings in CSX were worth $549,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new stake in shares of CSX in the fourth quarter worth $27,000. Life Planning Partners Inc purchased a new stake in CSX in the fourth quarter worth about $27,000. Burkett Financial Services LLC purchased a new position in CSX in the 4th quarter worth approximately $34,000. Turtle Creek Wealth Advisors LLC purchased a new position in CSX in the 4th quarter worth approximately $34,000. Finally, Avion Wealth lifted its holdings in CSX by 450.5% in the 4th quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after purchasing an additional 820 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of CSX stock opened at $33.41 on Monday. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12. The company has a market capitalization of $65.31 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. The stock’s fifty day moving average is $33.61 and its two-hundred day moving average is $35.14. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts expect that CSX Co. will post 1.96 earnings per share for the current year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, May 31st. CSX’s dividend payout ratio (DPR) is currently 26.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company began coverage on CSX in a report on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target on the stock. UBS Group decreased their price objective on CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Susquehanna upped their price objective on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. Royal Bank of Canada decreased their price objective on CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of CSX in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.82.

CSX Company Profile

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.